Brazil is the fastest growing #EV market in the world. There was a 726.13% increase in #EV sales in the first half of 2024 compared to that of 2023.
And what sets Brazil apart is they have the #lithium to fuel both their upstream and downstream ambitions.
#BYD is a huge factor driving the country's growth and this will continue going forward as they will be ramping up production within the country of 150k EVS/year starting late 2024.
....this is what you get when lithium hodlers are running out of positives to support the lithium narrative.
3 points I will make:
1. The base is small, so of course you would get a large percentage jump
2. So if EV is growing in those places at such gangbuster pace, why hasn't lithium price responded positively?
3. I tell you why. Its all largely BYD and Chinese EVs- and they have their own lithium (mines) to tap on
European Car Sales Stagnate as EV Demand Plummets in Germany
Carmakers slow transition to electric vehicles amid slowdown
More consumers opt for hybrids as plug-in cost still high
By Wilfried Eckl-Dorna
August 29, 2024 at 2:00 PM GMT+10
Updated on
August 29, 2024 at 6:55 PM GMT+10
Auto sales in Europe were roughly flat in July as demand for electric vehicles weakened further in Germany, the region’s biggest car market.
New-car registrations ticked up just 0.4% compared to a year ago to 1.03 million units last month, the European Automobile Manufacturers’ Association said Thursday. Plug-in vehicles made up a smaller part of overall sales, as more consumers opted for less expensive hybrid cars. Auto Sales Ticked Up Last Month in Europe
New-car registrations increased 0.4% in July
Source: European Automobile Manufacturers’ Association
EV sales have slumped for months in Europe, in part due to governments paring back financial incentives to purchase battery-powered cars. Germany abruptly ended EV subsidies in mid-December, and the country’s persistent economic downtrend has weighed on consumer spending.
Sales of fully electric cars dropped 37% there in July.
