US EV sales slow; World's keep going

US EV sales slowed sharply in January, even after seasonal adjustment.  This was prolly mostly to do with Tesla diverting Model 3 sales to Europe.  Model 3 (US) sales dropped from 25250 in December to 6500 in January.

Global EV/PHEV sales continue to rise as a percentage of total car sales, reaching  3.25%.  US year-on-year growth slowed, world yoy growth kept going at much the same pace as previous periods as you can see by the straight line of the smoothed data in the second last chart, which is plotted on a log scale.  At 65% per annum growth, 3.25% will turn into 5.4% by December 2020, 8.8% by December 2021, 14.6% by December 2022, and 24% by December 2023.

In 4 years, EVs will make up nearly one quarter of new car sales globally.   Think about that.  4 years ago they made up just 0.4%.   At that stage oil demand (for transport) will be falling by 2% per annum, and each year after that it will get worse.  At that point, the oil price will collapse, which means that it is possible that EV demand growth will slow.  But, I suspect, not by much.  Awareness of EVs will just be taking off, their sticker price will be the same as ICEVs, charge stations will be proliferating, and EVs are cheaper to run than ICEVs, as well as being quieter and less polluting.  Still, it is possible a halving of the oil price will slow EV growth.  Temporarily.

As usual source of base data is Inside EVs.