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EVs aren’t down or out

Posted on - 12 Jun 2024

Category - Data update

If you listen to most analysts, you could be forgiven for thinking that EV sales growth is collapsing and that the outlook for EVs is moribund. But that couldn’t actually be further from the truth. But its home-market bias which is infecting most ex-China analysts, in our view. While growth is hugging single digits in the US and just into double digits in Europe, sales growth is 34% for the year in China and trotting along at similar levels in ROW, the two most important regions for the global EV market, in our view. Which all adds up to leave...

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Battery size BEVs China Europe EV sales Global PHEVs ROW US