> If this were true, the market for EVs would decline in entirety
I was just reading a different article[1] that pointed out 4 of the top EV sellers in the US (Tesla, Ford, Kia and Hyundai) have announced Q2 drops in sales. BMW is the another top EV seller whose sales dropped in Q2[2]. Of major sellers, only GM has risen.
It's probably too early to say that "the market for EVs" is declining, but this doesn't seem great.
You probably shouldn't over-focus on the US, which, at least for now, isn't a huge marketplace for electric cars (10% of new car sales in the US are electric, vs 20% in the EU and almost 50% in China). The reported Tesla decline is global.
GM sales have more than doubled. EV's do seem to be more of a winner-take-all market than gasoline vehicles. So overall numbers (which are up) seem more relevant.
When comparing 2024 H1 to 2025 H1, those GM numbers are skewed. They stopped producing the Chevy Bolt at the end of 2023, and didn't start selling the Equinox EV until May 2024. So their 2024 H1 EV numbers were lower than usual.
Similarly Ford's numbers are skewed because of a Mustang stop ship. Just more evidence that the number that matters is the bottom line total of all brands rather than individual brand sales.
Are we talking US or world-wide? Because Tesla figures are world-wide. According to the article of this HN thread, Tesla doesn't provide per-country numbers. Your [2] seems to be BMW US. [1] is paywalled.
I was just reading a different article[1] that pointed out 4 of the top EV sellers in the US (Tesla, Ford, Kia and Hyundai) have announced Q2 drops in sales. BMW is the another top EV seller whose sales dropped in Q2[2]. Of major sellers, only GM has risen.
It's probably too early to say that "the market for EVs" is declining, but this doesn't seem great.
[1] - https://www.wsj.com/business/autos/tesla-sales-q2-2025-e2087...
[2] - https://www.theautochannel.com/news/2025/07/01/1549392-bmw-r...