EV and battery thread, page-19

From ev-volumes.com

"12 May: The COVID-19 impact on EV sales is updated to version 3.1. We have obtained preliminary EV sales for China and South Korea to complete the picture. South Korea EV sales increased to 10k and 178 % y/y growth, but China NEV sales were a disappointing 71 000; we had expected more (87k). It is likely that the new 300 000 RMB upper price limit for central subsidies has lead to purchase hesitation, as buyers expect price reductions. E.g. has Tesla announced a reduction for the base Model-3 from 323 800 RMB to 291 800 RMB to regain access to incentives. Also, Tesla reopened its California factory, pending approval by authorities, in order to meet delivery schedules. All in all, the resulting forecast changes were below 1 %."