EV Sales: Speed Bump or Full Stop?
It’s easy to think the EV party is over with a sluggish start to the year. Sales stalled in the first quarter, Ford pumped the brakes on expansion, and Tesla shed 10% of its global employees.
But there’s more to the story than those gloomy headlines.
For every sign of a slowdown, there’s a signal that the EV industry is just hitting its stride. A closer look shows that most carmakers are still enjoying a surge. Sales jumped for six of the top 10 EV makers in the US, with gains ranging from 56% (Hyundai-Kia) to a remarkable 86% (Ford). Sales in April followed a similar trend.
