"5 October: The xEV Share Tracker with the global August data is uploaded to the Data Center. It covers 95 % of the world light vehicle sales in 55 countries and 99 % of the global sales of EVs and Hybrids. Plug-ins (BEV & PHEV) reached a combined 9,9 % of August light vehicle sales in the top 55 markets combined, which was 5,8 %-points higher than a year ago. Hybrids and Mild Hybrids reached 10,4 % compared to 7,0 % in August 2020. Global auto-sales were weak in August: Europe -16 % y/y, China -14 % y/y, USA -17 %. Sales for ICE-only vehicles are contracting even faster, while sales of BEVs, PHEV, HEVs and MHEVs keep growing."
Don't forget you can't build an EV without having the lithium for the battery.
ORE Price at posting:
$7.97 Sentiment: Buy Disclosure: Held