VinCheckUp Vehicle History

  The market has experienced a rapid growth in   electric car   sales from 2022 to 2023. However, in the recent month in 2024 the car market has experienced a significant slowdown in   electric car sales . Electric car sales began declining in the last few months of 2023 setting the stage for the 2024 electric car market.   Electric Car Sales     The decline in sales is partly due to economic factors as well as decrease in electric car adoption by consumers. Numerous consumers express concerns about the limited practicality of many current   electric vehicles , primarily due to prolonged charging times and fluctuating projected range distances, reliability as well as safety issues. Going beyond simple range anxiety some consumers are put off by the recent bad press related to electric vehicle fires, intermittent electric issues as well as rapidly declining resale values of some of the most popular electric vehicles.   Through social media, nu...

Electric Vehicle Market Share Increases Worldwide As we are heading towards the end of the 2023 year, we are seeing a worldwide shift in the automotive industry. Vehicle electrification is here to stay. As the sale of electric vehicle is projected to, grow over 40% year-over-year we are going to see more and more electric vehicles on the road and dealership lots.   Although the automotive industry experienced a momentary dip during the beginning of covid in 2019 it did undergo an immediate expansion just the year after.     The IEA estimates that global EV sales exceeded 3 million units in 2020. That’s over 4% of global vehicle sales and that number is expected to climb.   In fact, the 2020 electric  car  sales surpassed expectations, by having the largest electric vehicle adoption rate in history. More and more people are leaving the conventional internal combustion vehicles for the more modern and electric alternatives.   Both t...