Quarterly U.S. EV Sales Finally Reach 100,000 Units

Bad news from Intergovernmental Panel on Climate Change; Q2 U.S. EV sales eclipse 100K mark; Ford to spend more on EVs than ICEs for first time in 2023; Hyundai's Ioniq 7 SUV has 800 volt platform w/350 kW rapid charge capability, may include wireless charging; 3 U.S. OEMs targeting 40-50% EV sales by 2030; DHL Express announces order for 12 electric aircraft from Israel's Eviation for 2024 delivery; BNEF says green hydrogen activity to double this year; US Wind expanding its Maryland offshore wind project from 270 MW (2025) to 1200 MW by 2028. It plans to develop 90 acre steel-production facility near Baltimore.

1) IPCC says climate damage unavailable and occurring faster than anticipated.

2) U.S. soar past 100K for Q2 @ 2.7% of market. Plug-ins and hybrids top 258K.

3) Ford spending on EVs will eclipse that of ICEs in 2023. Sales & reservations of its EVs have brought in over 70% new customers to the Ford brand.

4) Hyundai's Ioniq 7 SUV will have 880 v platform, charge at up to 350 kW (62 miles of range in 5 minutes), w/possible wireless charging, and 400 miles of range.

5) 3 largest US auto OEMs issued a joint statement, targeting between 40% & 50% of sales to be electrics, plug-ins, or fuel cells by 2030.

6) DHL Express with 1st order of 12 electric planes from Israel's Eviation, (2024 delivery), w/plan to create "Emission-free transport network."

7) BNEF reports green hydrogen activity has doubled this year w/electrolyzer market possibly 2 GW by year's end. China responsible for over 60% of new electrolyzers.

8) US Wind expanding wind project off the Maryland going from 270 MW (2025) to 1200 MW by 2028, and developing 90-acre steel production facility, close to Baltimore.