EV Outlook Murky with Global Economic Uncertainties – 30 October 2023
Key Points EV sales exceeded 300,000 units as per industry estimates, a 49.8 percent increase from the same period last year. EV outlook is looking grim as demand weakens, prices continue to fluctuate, and interest rates remain at alarmingly high levels. Reductions in EV investments and production slowdowns may have effects in 2024. As reported by Cox Automotive, EV sales for the third quarter of 2023 have surpassed expectations, reaching a total of 313,086 units sold. This equals a 49.8 percent increase from the same … Read more