Doesnt exactly fit the narrative that EV's are slowing down lol....

Doesnt exactly fit the narrative that EV's are slowing down lol. Perhaps the % of uptake has decreased because the population entering driving age has increased, so if you look at it from a population perspective, then lets say back in the days it was 100 people buying cars a day 5 of them bought ev's that equates to 5% then a few years on 500 people started but now only 4% buy ev's thats still around 20 people then go ahead to 1000 people at 3% thats around 30 people.

So if we look at it from that narrative more ev's being bought despite declining %.

If we then look at macroeconomic factors, perhaps with inflation so high second hand vehicles getting purchased so thats the majority of car purchases followed by specials by major automakers to undercut ev's as they see that these cars will be phased out in future. Perhaps the % of cars being sold hasnt decreased, rather its increased so by that metric ev adoption may have decreased but the number of cars being sold increased, causing a similar amount of ev's being sold. at a lower % of uptake as people begin to take advantage of lowering prices of ICE vehicles, this would be a short term factor as more youth will enter and purchase EV's once interest rates decrease causing a large spike in EV's at that time.

Perhaps this could be why lithium is starting to get restocked as demand is forecasted to increase once interest rates decrease, I see plenty of manufacturers gearing up to increase EV production this does not fit in line with lowering EV demand, so while the narrative of lowering EV adoption is a concern its perhaps just a narrative in order for lithium and auto stocks to decrease so hedge funds can purchase more before the economy stabilises.