Market Insight: BEV growth slows

WHILE battery electric vehicle (BEV) sales are rising overall, a cooling in demand has been reported from major global markets but it is unclear if the cause is buyers waiting for improved technology, irregular supply issues, cost of living pressures or the market-defining dominance of Tesla.

 

In the United States, data published by Argonne National Laboratory goes against the BEV slowdown narrative, suggesting that sales are stronger than ever, with a 56 per cent total growth…

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