<
https://www.bloomberg.com/news/articles/2024-05-28/the-slowdown-in-us-electric-vehicle-sales-looks-more-like-a-blip>
"After an underwhelming start to the year for US electric-vehicle sales, it
might seem easy to conclude that the boom times are over. Sales were flat in
the first quarter, Ford dramatically scaled back expansion plans and Tesla laid
off 10% of its global workforce. But these dismal indicators only tell part of
the story.
For every sign of an EV slowdown, another suggests an adolescent industry on
the verge of its next growth spurt. In fact, for most automakers, even the
first quarter was a blockbuster. Six of the 10 biggest EV makers in the US saw
sales grow at a scorching pace compared to a year ago — up anywhere from 56% at
Hyundai-Kia to 86% at Ford. A sampling of April sales similarly came in hot.
It’s a tale of two EV markets, where consumers are flocking to some brands in
record numbers while turning their backs on those with inferior battery range,
slower charging and high prices, said Stephanie Valdez-Streaty, director of
industry insights at Cox Automotive. Delays of new vehicles, though temporary,
added to the perception of a market running out of steam.
“We’re still seeing growth in demand, just not at the same pace for every
brand,” Valdez-Streaty said. “Right now Tesla doesn’t have new models, Ford
doesn’t have a lot in the pipeline. But Hyundai, BMW, Kia, Cadillac — they’re
really moving the needle forward.”"
Via
Fix the News:
<
https://fixthenews.com/good-news-global-life-expectancy-domestic-violence-australia-emissions-china/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
