EV (and PHEV) car sales as per cent of total global new car sales reached 1.7% in May. Notice that the slope of the line is increasing--the switch to EVs is accelerating.
US EV/PHEV sales have levelled off. I expect it's a case of reculer pour mieux sauter, as the market waits for the release of the US$35,000 Tesla 3 and the new extended range Nissan Leaf.
(Source of basic data Insideevs, OICA, and St Louis Fed; my seasonal adjustments and estimates; EV= electric vehicle; PHEV= plug-in hybrid electric vehicle)
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. I do make mistakes, but I try hard to do my analysis thoroughly, and to make sure my data are correct. Remember: the unexpected sometimes happens. The expected does too, but all too often it takes longer than you thought it would.
The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.
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