EV sales hit record high in the second quarter
EV sales hit record high in the second quarter Spectrum News 1
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Electric Vehicle Sales Reach Record High in Q2
According to a new analysis from Cox Automotive, electric vehicle (EV) sales reached a record high in the second quarter. Between April and June this year, almost 300,000 new battery-electric vehicles were sold. This marks a 48.4% increase, which is the highest growth rate seen since the introduction of modern-day EVs in 2010.
Key Points:
- Almost 300,000 new battery-electric vehicles were sold in the second quarter.
- The 48.4% increase was the highest compared to any previous quarter since 2010.
- Tesla Model Y accounted for one in three EVs sold.
- Chevrolet, Ford, and Hyundai were the second, third, and fourth bestselling EV makers, respectively.
EVs now represent 7.2% of the U.S. new vehicle market, up from 5.7% a year ago.
Tesla emerged as the market leader, selling over 175,000 vehicles in the second quarter. The Tesla Model Y was the top-selling EV in the country, with one out of every three EVs sold being a Model Y. Together with the Model 3, these two Tesla models accounted for half of the country’s EV sales.
Chevrolet was the second bestselling EV maker, followed by Ford and Hyundai.
In the second quarter, the average price customers paid for an EV decreased by 20% compared to the previous year. This price reduction was largely driven by Tesla’s multiple price cuts. The automaker has lowered prices six times this year, resulting in an 11% reduction in the cost of the Model 3 and a 20% reduction in the cost of the Model Y.
Following Tesla’s lead, Ford announced a price cut for its battery electric F-150 Lightning. The least expensive version will be reduced by $10,000, while the more premium trims will see a $6,000 reduction.
SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.3: Double the global rate of improvement in energy efficiency | The average price customers paid for an EV was down 20% in the second quarter compared with a year earlier, driven largely by Tesla’s price cuts. |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | The increase in electric vehicle sales indicates progress towards sustainable transportation infrastructure. |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the adverse per capita environmental impact of cities | The increase in electric vehicle sales can contribute to reducing air pollution and carbon emissions in cities. |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | The increase in electric vehicle sales can be seen as a climate change mitigation measure. |
1. Which SDGs are addressed or connected to the issues highlighted in the article?
The issues highlighted in the article are connected to the following SDGs:
- SDG 7: Affordable and Clean Energy
- SDG 9: Industry, Innovation, and Infrastructure
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
2. What specific targets under those SDGs can be identified based on the article’s content?
Based on the article’s content, the following specific targets can be identified:
- Target 7.3: Double the global rate of improvement in energy efficiency
- Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable
- Target 11.6: Reduce the adverse per capita environmental impact of cities
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning
3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?
Yes, there are indicators mentioned or implied in the article that can be used to measure progress towards the identified targets:
- The average price customers paid for an EV was down 20% in the second quarter compared with a year earlier, driven largely by Tesla’s price cuts (Indicator for Target 7.3).
- The increase in electric vehicle sales indicates progress towards sustainable transportation infrastructure (Indicator for Target 9.4).
- The increase in electric vehicle sales can contribute to reducing air pollution and carbon emissions in cities (Indicator for Target 11.6).
- The increase in electric vehicle sales can be seen as a climate change mitigation measure (Indicator for Target 13.2).
4. SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | 7.3: Double the global rate of improvement in energy efficiency | The average price customers paid for an EV was down 20% in the second quarter compared with a year earlier, driven largely by Tesla’s price cuts. |
| SDG 9: Industry, Innovation, and Infrastructure | 9.4: Upgrade infrastructure and retrofit industries to make them sustainable | The increase in electric vehicle sales indicates progress towards sustainable transportation infrastructure. |
| SDG 11: Sustainable Cities and Communities | 11.6: Reduce the adverse per capita environmental impact of cities | The increase in electric vehicle sales can contribute to reducing air pollution and carbon emissions in cities. |
| SDG 13: Climate Action | 13.2: Integrate climate change measures into national policies, strategies, and planning | The increase in electric vehicle sales can be seen as a climate change mitigation measure. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: spectrumnews1.com
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