I believe it would be correct to say that the rate of increase of EVs sales has declined. The second derivative of sales. The rate of sales, the first derivative, is still increasing. For example, Tesla’s rate of sales increase has declined from 100% increase YoY in 2022 to about 50% increase YoY in 2023. This should not be a surprise as the rate of sales increase will decline with adoption. EVs were about 9% of new car sales in 2023 and will be higher in 2024. There are many new models coming available and virtually all manufacturers are “all in”.
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Originally Posted by Pugchief
Well you proved my point about consumer pushback right there. If they are not selling a lot of EVs, it can only be because consumers don't want them.
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