EV sales slow in October
Global EV sales dropped 10% m/m although they remain robust in y/y terms and are up 61% y/y for the year to date. European sales activity is quite volatile and was down compared to September, after a strong recovery in that month (due to a large Tesla delivery). However, on a YTD basis, sales are still in positive terms after turning marginally negative in July. Seasonal trends are normally more positive into the last two months, so we should hopefully see some acceleration in sales activity. None of Tesla’s models made the top ten in October, with the Volkswagen ID.4...