EVs as a percentage of light-vehicle registrations are up, now representing 7 percent of the market, compared with 4.6 percent just a year ago. New EV registrations rose by a healthy 68 percent in the January-to-May period to a record 447,514 vehicles, but Experian noted that about half of the increase came solely from Tesla, which continues to vacuum up EV market share.
If you look only at the top line, the EV market might appear pretty rosy, but I’m skeptical.
Legacy automakers…
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