The US is heading towards over one million BEV's sold in 2023. While BEV's are up 63% for the qtr YoY, it is still early days. Ford alone has a target of 2m by 2026, They only sold 13,362 for the quarter. Tesla's market share dropped from 72% to 60% as other brands play catch-up. They still sold 37% more YoY. Once all those battery manufacturing plants come online in the next 2.5 years, growth will become exponential.
All in all, sales are heading in the right direction off a low base but you've seen nothing yet.
https://insideevs.com/news/667516/us-electric-car-sales-2023q1/
Media Reports, page-1199
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26.5¢ |
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