Energy
The Energy Markets in Flux: Looking Back on 2014
The Energy Markets in Flux: Looking Back on 2014
Last year, so much changed in the energy market that it takes a bit of extra time to digest it all.
The oil price crashed, but as we showed in last week’s Chart of the Week, even that was not able to stop the glut that is currently being experienced in the United States.
Geopolitical events involving Ukraine and the Middle East prominently affected energy as well. Russia flexed muscles by halting exports of natural gas to Ukraine in June 2014 over a debt dispute. Though exports resumed in December, Ukraine is now buying over 60% of gas from European suppliers like Poland and Slovakia.
The price of thermal coal also continued its decline. Though this is a less followed story than oil, it has big repercussions on countries that use coal as a big part of their energy mix. Meanwhile, wind energy was the second most added energy type in terms of capacity behind natural gas. Many European nations now have a big piece of their energy mix covered by wind: Denmark (39%), Spain (23%), UK (9%), Germany (8%) and Italy (6%).
Want to know how much solar, wind, oil, gas, or nuclear energy it takes to power a major city for a year? Check out our Powering New York slideshow.
Original graphics from: ICIS
Energy
Ranked: Electric Vehicle Sales by Model in 2023
Today, electric vehicle sales make up 18% of global vehicle sales. Here are the leading models by sales as of August 2023.
Ranked: Electric Vehicle Sales by Model in 2023
Electric vehicle (EV) sales are gaining momentum, reaching 18% of global vehicle sales in 2023.
As new competitors bring more affordable options and new performance features, the market continues to mature as customers increasingly look to electric options.
This graphic ranks the top-selling EVs worldwide as of August 2023, based on data from CleanTechnica.
The Best Selling EVs in 2023 (Through August)
Below, we show the world’s best selling fully electric vehicles from January to August 2023:
| Model | Country | Vehicles Sold (Jan-Aug 2023) |
|---|---|---|
| Tesla Model Y | 🇺🇸 U.S. | 772,364 |
| Tesla Model 3 | 🇺🇸 U.S. | 364,403 |
| BYD Atto 3 / Yuan Plus | 🇨🇳 China | 265,688 |
| BYD Dolphin | 🇨🇳 China | 222,825 |
| GAC Aion S | 🇨🇳 China | 160,693 |
| Wuling HongGuang Mini EV | 🇨🇳 China | 153,399 |
| GAC Aion Y | 🇨🇳 China | 136,619 |
| VW ID.4 | 🇩🇪 Germany | 120,154 |
| BYD Seagull | 🇨🇳 China | 95,202 |
As we can see, Tesla‘s Model Y still holds a comfortable lead over the competition with 772,364 units sold. That’s more than double the sales of the #2 top selling vehicle, Tesla’s Model 3 (364,403)
But it’s hard to ignore the rising prevalence of Chinese EVs. The next five best selling EV vehicles are Chinese, including three from BYD. The automaker’s Atto 3 (or Yuan Plus, depending on market), is being sold in various countries including Germany, the UK, Japan, and India.
Meanwhile, Chinese automaker GAC Group also had two models of its Aion EV brand make the rankings, with the Aion S selling 160,693 units so far.
Regional market strength is also clear. For Volkswagen’s ID.4 model (120,154 units sold), Europe and China account for the majority of sales.
Given growing cost efficiencies and changing consumer behavior, global EV sales are projected to make up half of new car sales globally by 2035, according to forecasts from Goldman Sachs.
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