US EV Sales Hit Record of 1.3 Million in 2024

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When I saw everything about XAI901K it puzzled me why it was so low (in market cap), I got in at 14 cents🙏

It looks XAI901K is in right position.

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I put 100k on XAI901K, thoughts?

Rivian's GAAP losses per quarter are massive and show no signs of ending. The VW deal and gov't loans from crooked Joe will add more debt and interest expense. With these recurring quarterly losses, don't see how Rivian avoids bankruptcy. Here's Rivian's latest quarterly losses; which clearly shows $100k/loss per vehicle; not the $30k gross nonsense Rivian puts out:
1Q23 - $1.3 bill
2Q23 - $1.2 bill
3Q23 - $1.4 bill
4Q23 - $1.5 bill (full year '23 loss: $5.4 bill)
1Q24 - $1.4 bill
2Q24 - $1.5 bill
3Q24- $1.1 bill loss vs 10,018 vehicles sold... $109.8k loss per vehicle sold

Chevy? Really?

Canada requires all of us to switch to EV by 2035 and hybrid by 2030. From 2030 on ,no dealer can sell gas running cars. There are close to 40millions of us here so at least 20 millions will have to look buying EV/hybrid . The government are giving out incentives. when we bought ours last yrs we got 8000CAD rebates from the government.

X!

Interesting that EV sales are up, but Tesla sales dropped for the first time. Wondering how trump's tariffs will affect things.

Electric vehicles are just better. No noise, no emissions, less fuel costs, less maintenance costs.

Adapt, change or go bankrupt. Nokia and Kodak were once leaders in their industries but were slow to adapt to new technology.
Legacy auto dealers are a nightmare for legacy auto makers. They gouged customers trying to buy electric vehicles.
Legacy auto dealers abused their customers by adding market price adjustments to gouge their customers for EVs
They added pricey add ons and other costs to pump up the prices and their profits.
Tesla has the right idea. Buy online. No hassle. No sitting in a show room for hours. No salesman BS. No crazy markups.
No I have to see my manager BS. With Tesla you can buy a vehicle in 5 minutes or less online. The dealers have no one to blame but themselves. The dealers are dragging the legacy auto makers down with them. The problem with legacy auto makers having slow sales leads back to the legacy auto dealers. They try to talk people out of buying and EV an want to put them in a gasoline car. Many people hate going to legacy car dealerships. Many people call them stealer ships for a reason. New car, used car or going in for repairs you always walk out feeling cheated. People have no sympathy for dealers.

It's extremely disappointing to see how many people are willing to give their hard-earned money to a petty, overt racist.

"Even used by the way" No, I checked on Carvana and used Rivians range $55k - $70k

So we go on and on about Rivian being in the high-end luxury space without mentioning they have two much lower priced models coming out, R2 and R3?

And only 2 will make it into the U.S. top 25 auto sales.

Finally a balanced news report on EV's. Well done.

But wait? Mainstream media has told us all about how EV sales were plummeting and everyone wanted a hybrid?
What happened to THAT story? We are now at 11% new car sales being EVs in the US. That is critical mass and we should see lift off very soon even without EV credits.

Lucids are relatively common, if you are paying attention. I've seen a number of Fisker Oceans, even a Fisker Karma and a Vinfast

He mentions the Chevy Equinox yet does not mention the Model Y. Model Y is the top selling EV in the US and the number one car in the world. Not sure he understands the successful EVs have way better production methods. EV adoption in the US is slowest because of misinformation by Legacy Auto and Fossil Fuel companies.

EV hit record sale in 2024, while Tesla is doing most number in the space. Still getting bash by media with falling record sale. Make no sense

Would love to have seen a report from people like this a century ago when those horseless carriages were starting to catch on, yet they still it was not nothing a niche market and all were predicting their doom. And they faced a thousand fold tougher challenges than EV's today.

And we live in the the NYC area and we see Lucid's all the time. In fact, we just saw one today, as well as three Rivians. What is this lady doing, driving in the back of a limo with dark windows and dark sunglasses on? Or looking at her cell phone constantly while she drives?

EVs Competition is good 💯

EVs are the way to go

Ummm ford and GM or screwed.

Please go buy an EV!!!! More EVs mean less demand for gas, so I can get cheap gas!!

The more ev’s the less money we send to bedsheet-wearing countries.

1.3 million EVs is roughly one month of Chinese NEV sales. November & December 2024 saw 1.2 million NEVs sold in China, full year 2024 was over 12 million NEVs. If you sell 10x as many things, economy of scale will drive down unit costs and prices due to volume manufacturing efficiency.

I think the biggest thing holding EV's back in 2024 was half the people in this country were watching non-stop lies about the from the right leaning media.

Muskrat's SciFi fantasy design set back Tesla. Imagine the sales had the real designers been able to put out a real work truck instead of an overweight clown car.

Many people are waiting for the new version of Model Y, thank you!!!

and all the so called experts in mass media have been reporting stories for the past yr how EVs have no demand... These fake news businesses should be fined for all the false and obviously biased reporting they have been constantly spreading for so long ...

😂 all those haters voted Trump to stop ev 😂😂

The real conversation should be the complete destruction of the legacy automakers outside their home markets by Chinese EV companies. Tariffs are the only thing keeping the old brands afloat at this point. Why buy an Equinox for 35k when you can get a better Chinese EV for roughly half that?

I'm never a fan of how people compare Tesla to Rivian. Try comparing Rivian to the first 3 years of when Tesla started. Thats a better comparison. People tend to forget that Rivian is barely 4 years into delivering their first EV

No matter the anti-EV nonsense, the numbers speak for themselves. We got 2 EVs with the tax credits and we are laughing all the way to the bank. They can keep hating while I’m getting my taxes worth.

I see the bitcoin scammers are out in force today.

I thought EV sales were collapsing.

Context: Rivan sold & leased more then Cybertruck, 14'000 to 9'000-12'000 in 4th quarter. At these numbers both lines normally would shutdown!

aisalesmanager AI fixes this (AI-enhanced lead generation and automated email outreach platform). US EV sales hit record.

Present your numbers in percentage terms and it doesn’t look that impressive

Do It for Datay 👹

THIS EV TRAIN IS NOT STOPPING. LETS GO!!

EVs are not for everyone or every situation but ours have been perfect for us.

Not related to this video - Hello dear lying corporate media scumbags.

i pretty sure that bloomberg and all the other major media, spend all of 2024 lying and claiming that EV sales were down all year. how do they explain how EVs were up big for 2024?