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)