This is the overall demand picture from an EV sales viewpoint (thanks for the X post Daniel Jimenez Sch).
Its been frequently noted in media that demand is softer than some models were predicting. If that model of EV growth was exponential growth, then that is correct because at the moment EV sales are not showing exponential growth (each year being larger than the previous one). If that model was a linear growth (the market is increasing in size by about the same volume each year) the statement is wrong. Through to mid 2025, a linear growth model would have been very accurate for predicting training last 12 months volume of EV sales.
The demand is currently driven out of China but China is starting to increase its exports. This could have a significant impact on RoW countries dependent on imported vehicles (whether they are EV's or ICE's) particularly if the exporting companies set their prices at or below existing ICE models.
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