4.8 • 749 Ratings
🗓️ 12 November 2025
⏱️ 19 minutes
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| 0:00.0 | Welcome back to the podcast. Today, global EV sales, almost two million last month. |
| 0:05.2 | Evie consideration is up and Tesla loses some vehicle chiefs. |
| 0:09.7 | Plus stay tuned later in the show. I'll tell you why I'm now convinced Toyota's new electric pickup is intentionally bad. |
| 0:16.8 | On EV News China today, we talked about 50% market share in China now. Solid State batteries and VWs fight back. |
| 0:23.3 | Here we go. Let's get into it. Global EV sales were 1.9 million global EV sales last month in October. We're all friends here. Let's call it 2 million. That's year to date. Now 16.5 million. That's 23% more than the same time last year. |
| 0:38.9 | Europe led growth in October with 36% up year on year. |
| 0:43.3 | Germany's doing really well, up 53% compared to the same month last year. |
| 0:47.6 | France up 40% UK, 24%. |
| 0:50.9 | China, obviously, though, is still the largest single market in October. 1.3 million EVs were |
| 0:58.4 | sold in China. That's up 6% year-on-year, up 22% year-to-date. This must all be wrong because the media |
| 1:05.1 | keep telling us that the EV bubble has burst and no one wants to drive an electric car anymore. |
| 1:09.6 | So I don't know who made this data up. A benchmark expects some buyers to accelerate purchases in the final |
| 1:14.8 | two months of the year. China's full N.EV purchase tax exemption is ending at the end of the year. |
| 1:20.5 | And so people might bring forward some purchases in China. But then again, a lot of the big |
| 1:24.5 | Chinese car makers are also saying, well, we'll add some offers to sweeten the deal. |
| 1:30.1 | North America showed a slowdown, as expected in October, following a surge in demand before the end of the federal tax credit. |
| 1:38.1 | But again, there, so many of the car makers have stepped in with some very, very attractive deals. |
| 1:45.6 | Do people still want EVs? |
| 1:53.1 | Well, consumer interest is rising in the US, even with the tax credit gone. This is new data coming in today from JD Power. Among new vehicle shoppers, 60% say they are likely to consider |
| 2:00.1 | buying or leasing an EV in the next 12 months. |
| 2:02.8 | So that splits out at 24% very likely and 36% somewhat likely to buy or lease in the next year. |
| 2:13.4 | And the very likely share score is up on the last time they did this survey. |
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