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March 11, 2019
2019 EV Sales: Mixed Signals
Source: EV Hub
Following a roaring end to the 2018 U.S. market cycle, growth in the electric vehicle (EV) market appears to have slowed in 2019. Quarterly EV sales hit an all-time high of over 126,000 vehicles sold in the fourth quarter of 2018. While a moderate drop in sales between December and January is common, sales fell 66 percent from 49,900 vehicles in December to just 17,040 vehicles in January. Analysts predict a 40 percent growth rate in the global EV market in 2019, down from 70 percent in 2018.  

Year over year, January 2019 sales were still 42 percent higher than the same month last year. However, February 2019 sales increased less than three percent over the same month in 2018. With just under 35,000 vehicles sold so far in 2019, March will have to be a stronger month for EVs compared to last year in order for sales in quarter one of 2019 to surpass 2018.

Without the continued high performance of the Tesla Model 3, 2019 EV sales-to-date would have shrunk in comparison to last year. The Model 3 accounted for almost 40 percent of the entire national EV market in 2018 and is a good indicator of trends in the overall market. Tesla officials have cited the phasing out of the federal tax credit as one explanation in response to the Model 3’s 74 percent sales drop from December to January. Others have called attention to the automaker’s shift to focus on deliveries in the European and Chinese markets through the first quarter of 2019. This shift has raised questions about the demand potential for Tesla on the U.S. market amid ongoing efforts to slash prices for the Model 3.

As growth in the EV market is showing some early signs of slowing, it is unclear what will fill in the gaps. Tesla prepares for the launch of the Model Y on March 14, although it is unlikely that the anticipated $40,000 crossover will hit production before 2020. Last week, we discussed the significance of the end of the Chevrolet Volt. With sales for its all-electric cousin the EV Bolt dropping 20 percent from 2017 to 2018, there is lingering uncertainty around who will step up as a leader in the U.S. EV sector to drive growth.

Whoever does emerge will face some daunting global trends. On Friday, Bloomberg reported on developments in the Chinese auto market which is facing its first annual drop in over two decades. This is raising concerns for a wider slump across the global market, which has been reflected in the overall U.S. domestic market where car sales across all fuel and class types have slowed in 2019. Slow growth has yet to inhibit the development of new all-electric models, and U.S. leaders like Tesla face a growing pool of competitors jockeying for leadership in a market they are all betting on.
 
Follow the National EV Sales Dashboard to Track Q1 Sales  
EV Hub Adds Public Funding Awards and Public Requests Dashboards
We're constantly adding new datasets to the EV Hub as well as improving your access to existing data. We've just added two new dashboards displaying public funding awards and public requests related to transportation electrification. The new dashboards integrate information from the VW Settlement, federal Low-No Program, and other programs to track public spending on transportation electrification dating back to 2011. Please let us know what you think! 

Reminder: check out our Release Notes to see what's changed on EV Hub.
Explore Our Public Funding Dashboard
Registration Discount for Roadmap 12
Register now for Roadmap 12!

Atlas has partnered with Forth on Roadmap 12, the best electric vehicle conference in the United States (in our opinion!). Join us from June 18-19 in beautiful Portland, Oregon for a graduate course in electric vehicle deployment and to advance transportation electrification efforts across the nation.

Use our special discount code (ATLAS) to receive $75 off your registration fee. Find out more and register today online at http://roadmapforth.org/

Register Now With the Atlas Link
Media Pulse
PUBLIC POLICY UPDATES FEATURED HEAVILY IN LAST WEEK'S NEWS
Our choice clips from last week:
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EV Hub News

New Jersey Announces VW Settlement Funding for EV Charging and Electric Transit Buses

On February 28, 2019, the New Jersey Department of Environmental Protection announced that $11.2 M of the state’s VW Environmental Mitigation Trust Funds had been allocated to electric vehicle charging stations and electric transit buses.

NJ TRANSIT will receive $8 million to purchase eight new electric transit buses to be used in the City of Camden. The remaining $3.2 million will fund 827 charging ports at 533 charging stations across the state as part of the It Pay$ to Plug In program. The funding will support 40 Level 1 charging stations, 487 Level 2 charging stations, and 6 DC fast charging stations. Read More Here

Hawaii Releases Draft Mitigation Plan

On Friday March 1st, the Hawaii  State Energy Office published its Beneficiary Mitigation Plan. The plan was submitted to the Wilmington Trust back on January 9th but was only recently made publicly accessible on their website. Electrification accounted for 66 percent of the state’s $8.12 million from the settlement. Read More Here

Mississippi Releases VW Draft Beneficiary Mitigation Plan

On February 15, 2019 the Mississippi Department of Environmental Quality (MDEQ) released its draft mitigation plan that lays out the state’s strategy for spending its $9.87 million share of the Environmental Mitigation Trust. The breakdown of the spending priorities by mitigation action are below. Notably, Mississippi has allocated only 10% of the maximum 15% that can be allocated towards EVSEs. 

The MDEQ is holding three public hearings to allow the public comment on the plan. View the EV Hub Calendar event for details. Read More Here

Catch Up On EV Hub News Alerts
Job Openings
Below are current job openings in transportation electrification: If you have a job posting you would like to share with EV Hub users, please send them to us in an email at info@atlasevhub.com.
Upcoming Events

As electric mobility gains traction, utilities large and small are creating transportation electrification strategies. This Forth webinar will explore several approaches to promoting electric vehicles among utility customers. Read More Here

March 12th @ 10am PST

As electric cars become more popular, being able to charge in a multi-unit dwelling becomes even more important. EV ready building can help overcome a critical barrier to EV adoption by facilitating EV charging infrastructure. At this webinar, Forth will discuss the key role of EV ready buildings and the impact on EV adoption. Read More Here

March 14th @ 10am PST

Three public hearings have been scheduled in March to provide opportunity for the public to comment on the state’s Mitigation Plan describing Mississippi’s goals and strategies in spending its portion of funds from the Volkswagen Environmental Mitigation Trust. This is the first.  Read More Here

March 18th @ 1:30pm CST in MDEQ’s Commission Hearing Room 

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