EV sales growth slowing after strong start to year
Global EV sales volumes hit 879,000 units in March, their second highest level of all time, but even within that the y/y growth rate is slowing after a blistering start to the year. Which is what we expected, given the constrained raw material supply situation and the constrained global battery supply. Indeed, while European sales started the year strongly at +39% y/y YTD in February, recent reports suggest that Volkswagen (ETR:VOW) has sold out of EVs for the year, and other OEMS are experiencing similar troubles. We believe it will only be a matter of time until the rate of...
Topics
BEVs
China
Europe
EVs
Global
PHEVs
Sales
US
