EV sales growth down again
With the bulk of the Model 3 backlog now appearing to be out of the door, the overarching theme in the EV market at the moment seems to be the slowdown in activity caused by withdrawal of subsidies, be this in China or the US. Chinese registration were up “only” 36% y/y. While in the rest of the world that would be a reasonable growth rate, it happens to be the slowest growth rate in China since July 2017 and highlights the significant slowdown caused by the changes to the subsidy regime. However, within that it should be noted that...