Global EV sales slump again in July
Global EV sales fell 44% m/m in July, impacted by weakness in the key Chinese market. Although each of the three major markets experienced a m/m slowdown. Chinese sales are now only annualising at a 53% y/y growth rate and global sales at less than 40%, a far cry from some of the forecasts at the start of the year which were calling for a 100% growth rate. While there is excitement about the number of new EV models set to launch in the US and Europe over the next 6-12 months, it's unlikely that an acceleration in the US...