Tesla Emerges As Big Winner In Brutal 28% EV Sales Slump

EV sales in the United States declined 28% in Q1. Rising gas prices have driven increased search interest in electric vehicles, which may have provided a late-quarter bump. The data point signals near-term weakness in EV volumes but a potential partial recovery if fuel-price sensitivity sustains.

Analysis

EV sales in the United States declined 28% in Q1. Rising gas prices have driven increased search interest in electric vehicles, which may have provided a late-quarter bump. The data point signals near-term weakness in EV volumes but a potential partial recovery if fuel-price sensitivity sustains.