The news about EV sales is confusing. Sales are up, no there down. Tesla sales are down, but sales at Ford are up. But Ford – along with many other manufacturers - are pulling back. And then there is the growth in plug-in hybrids (PHEVs). Do they count?
The confusion partly lies in how the data is presented. Those that wish to portray the market as growing will often rely on year-over-year sales. However, if you look at month-over-month sales, you get a different result.
Then there’s China. Its EV market is so large that increased sales in China can compensate for sales declines everywhere else.
Net-net, it appears that sales are slowing in most of the world. Check out today’s presentation for the latest data.
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