....I think EV/Lithium hodlers are just trying to shoot the credibility of those who reported slowing EV sales.
....when it was reported that EV sales are stalling, no one meant to say that there wasn't any growth, but that the growth in the sales have declined considerably or stalled.
....EV/Lithium meteoric price rise in the past were premised largely on exceptional strong growth in the 50% range, not low single digit growth, and if it wasn't for the strong China domestic sales, there probably would be no growth at all.
....Sorry hodlers are in denial, so they must cast doubts on EV naysayers and all instos analyses to keep the faith.
....we are in an era now that people can believe people who refutes the analyses of 'experts' in the field to create their own versions of the 'truth'.
Global EV ranking fully updated for June 2024 except for Toyota which publishes probably on Monday.
I colour coded in green/red quarter-on-quarter gainers/loser in terms of EV sales.
1. You can see how everyone sold more EVs in 2Q than in 1Q except for Stellantis and Mercedes.
2. The quarter-on-quarter EV sales increase was expected due to the global auto market’s seasonality.
3. Do you remember all the FUD in 1Q: “EV sales are slowing”. No, they didn’t. “But what about the year-on-year in 2Q, sales have gone down”. No, they didn’t. The shown automakers sold a combined 1.634 million vehicles in 2Q 2023 and sold 1.728 million vehicles in 2Q 2024, this is an increase of +6.0% yoy.
4. “But what about Q1 yoy then?” No, they didn’t. The yoy growth rate was 3.6% in Q1 2024. 5. Combined, the shown automakers sold 6.878 million vehicles in the trailing 12-months to June 2024.
