CleanTechnica•24 days ago
Global EV Sales Report — Tiny Wuling Mini Beats Tesla Model Y!!!
Key Takeaway
Continued robust global EV sales, especially BEVs, signal an accelerating and substantial increase in electricity demand that requires proactive investment in generation, transmission, and grid flexibility from developers and IPPs.
AI Summary
- •Global plugin vehicle registrations increased by 10% year-over-year in October, with Battery Electric Vehicles (BEVs) leading growth at +19% YoY, indicating sustained upward pressure on electricity demand.
- •The significant rise in BEV sales points to a growing pure electric load, requiring substantial grid infrastructure expansion, new generation capacity, and potential for increased grid services from flexible loads and storage.
- •Despite a temporary downturn in the US market, the strong global trend confirms EVs as a major and increasing driver of future electricity consumption, impacting load forecasting, grid planning, and resource adequacy for developers and large power consumers.
Topics
capacity-marketdatacenterfinancingpolicyppastoragetransmission
Article Content
There were over 1.9 million plugin vehicles registered in October, with BEVs (+19% YoY) rising and PHEVs (-5% YoY) falling. Despite the expected hangover in the US market, down almost 50% YoY in October, global plugin vehicle registrations were up 10% compared to October 2024. With the USA market in ... [continued] The post Global EV Sales Report — Tiny Wuling Mini Beats Tesla Model Y!!! appeared first on CleanTechnica .