Disclaimer

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. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

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Wednesday, July 5, 2017

World EV sales % reaches new record

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)



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