

So, what’s causing this dip in EV sales? Affordability remains the main reason people are not buying.

Tesla’s share fell below 60% of the EV market for the first time, and the supply of inventory in the market has doubled from what we have seen before, with a 100-day supply. The EV share is at 7.2%, up from 5.7% a year ago, but that has dropped from a high of 7.3%. Nearly 3 million EVs were sold in the US from April to June, a record for any quarter, up by 48.4% from the same period a year ago. If you want an EV, the time to buy may be here. According to experts, EV sales are about to drop by up to 20%. (Our Auto Expert) - Electric vehicle sales have been on the rise in recent years, but the road ahead may not be as smooth as we thought.
