....Outside of China, EV growth is facing a setback. ....This...

....Outside of China, EV growth is facing a setback.

....This would help the lithium balance perfectly, with prospect for more lithium supply coming onstream in 2-3 years to balance out against an EV growth turnaround by then.
German EV Sales Plummet 30.6% In May Compared To Year Earlier

BY Zero Hedge
TUESDAY, JUN 18, 2024 - 08:30 PM
Authored by P. Gosselin via NoTricksZone.com,
The figures for the registration of new electric cars in Germany are looking increasingly awful.
In May 2024, the Federal Motor Transport Authority (KBA) reported that it had registered only 29,708 vehicles with electric motors.
That is 30.6% down on the result for the same month last year.
CO2 emissions of new German cars also rose 3.3%…indicating the green transition has stalled and is reversing.
Hat-tip: Blackout News

The KBA also adds that 89,498 passenger cars were equipped with a gasoline engine – an increase of 2.1 percent compared to the same month last year

44,893 new cars were diesel-powered, an increase of 3.2 percent compared to the same month last year.

71,451 new cars had a hybrid drive in May 2024, accounting for a share of 30.2% (-0.3%), including 14,038 plug-in hybrids (+1.7%/5.9%).

According to the KBA, the average CO2 emissions of new passenger car registrations rose by +3.3% and amounted to 124.0 g/km.