Double the number of EV's sold last month (July) in the US over the previous year is significant. Its exponential growth if it continues at that rate and there is no indication that it wont continue at at least that trajectory.
Plus the negative reports being spewed out are indicating that EV sales are not growing, yet this shows otherwise.
July plug-in sales blow the roof off.
We estimate a total of 29,514 plug-in electric vehicles were sold in July, compared to last year’s 15,540 and last month’s 25,019. Based on automakers’ sales reports and our estimates, 153,666 plug-in cars have been delivered through the end of July 2018. Needless to say, it was the best month of all time by leaps and bounds!
GXY Price at posting:
$2.58 Sentiment: Buy Disclosure: Held
