From a Bloomberg article:In Europe and the US, the shift to EVs...

From a Bloomberg article:

In Europe and the US, the shift to EVs effectively went into reverse, as cars with exhaust pipes took a growing share of overall sales. The market share of battery cars in Europe shrank to 14% in August from just over 15% a year earlier. In Germany, the continent’s biggest market, EV sales plunged by 69%. Automotive researcher J.D. Power forecast that battery-powered models will account for 9% of sales in the US this year, down from a previous estimate of 12.4%.

China’s pricing advantage is striking: The cost of batteries there has dropped to $126 per kilowatt hour on a volume-weighted average basis, while packs are priced 11% higher in the US and 20% higher in Europe, according to Bloomberg NEF. In the meantime, Chinese manufacturers are already unveiling a new generation of batteries that rely on sodium, which is more abundant than the lithium now used in EV batteries, and less prone to catching fire.