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, October 4, 2017

US EV & PHEV sales surge

After a pause, US EV sales have picked up (and it's  not the Tesla 3, of which Tesla only produced 220 in the 3rd quarter).  What is interesting is that total car and light truck sales were down while EV/PHEV sales rose.  EV/PHEV sales are now 1.4% of total car sales, a new record.  GM's Bolt sales continue to grow fast, the new Nissan Leaf will be out in December/January, and Tesla 3's low production is only temporary (all new car models face hiccups when they are launched.)  So the rise in the EV percentage will continue.

(Source of basic data Insideevs.com, St Louis Fed, my seasonal adjustment of EV data)

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