Leadership

Production Pulse: How EVs Fared in 2023 and What to Expect in 2024

Jan. 11, 2024

Federal Reserve Bank of Chicago Policy Advisor Kristin Dziczek and Cox Automotive Director of Industry Insights Stephanie Valdez Streaty discuss electric vehicles with IndustryWeek.

Laura Putre,

Robert Schoenberger

Electric vehicle sales were flat in the fourth quarter of 2023, compared to the third quarter, but automotive experts are still calling last year the Year of the EV because of the market's rapid growth. EVs accounted for 8% of vehicles sold last year, more than 1.2 million units.

Still, the industry mood has been less optimistic lately as slowing growth rates have led GM, Ford and others to slow investments in new plants and lower some of the lofty sales targets they'd initially offered for 2024 and beyond.

In our bi-weekly manufacturing livestream, Production Pulse, we discuss those issues with two automotive experts.

Kristin Dziczek is a policy advisor at the Federal Reserve Bank of Chicago and a long time analyst of all things automotive. As she notes in the video, the opinions offered are her own, not an official report of the Federal Reserve.
Stephanie Valdez Streaty is director of Industry Insights for Cox Automotive, a retail automotive giant with brands such as Kbb.com and Manheim Auto Auctions. Before joining Cox to spearhead EV research, Valdez Streaty spent decades in the auto inudstry including 15 years at Nissan.

For those of you who prefer to listen to these conversations instead of watching the video, please enjoy the podcast version of this conversation.

About the Author

Laura Putre | Senior Editor, IndustryWeek

As senior editor, Laura Putre works with IndustryWeek's editorial contributors and reports on leadership and the automotive industry as they relate to manufacturing. She joined IndustryWeek in 2015 as a staff writer covering workforce issues.

Prior to IndustryWeek, Laura reported on the healthcare industry and covered local news. She was the editor of the Chicago Journal and a staff writer for Cleveland Scene. Her national bylines include The Guardian, Slate, Pacific-Standard and The Root.

Laura was a National Press Foundation fellow in 2022.

Got a story idea? Reach out to Laura at [email protected]

About the Author

Robert Schoenberger

Editor-in-Chief

LinkedIn: linkedin.com/in/robert-schoenberger-4326b810

Bio: Robert Schoenberger has been writing about manufacturing technology in one form or another since the late 1990s. He began his career in newspapers in South Texas and has worked for The Clarion-Ledger in Jackson, Mississippi; The Courier-Journal in Louisville, Kentucky; and The Plain Dealer in Cleveland where he spent more than six years as the automotive reporter. In 2014, he launched Today's Motor Vehicles (now EV Manufacturing & Design), a magazine focusing on design and manufacturing topics within the automotive and commercial truck worlds. He joined IndustryWeek in late 2021.