Signs of concern for European EV sales
European EV sales dropped 29% m/m in July and are now negative on a year to date basis. It’s clear that the European consumer has bigger fish to fry at the moment (if it can find enough gas to do so) than buying new EVs and a lot of the discretionary consumer demand has dropped off. Sales have been negative on a y/y basis in four out of the last five months, and this must be a concern for the world’s second-largest EV market. This was the first month for some time when BEVs made up the entire top ten...