EV demand is weakening — that’s the media theme for Q4.
But are people really not buying EVs now, as some media outlets say?
Cox Automotive paints another picture. EV sales “set another record in Q3,” said Cox, which owns Kelley Blue Book, earlier this month.
“Total sales of battery-powered vehicles jumped past 300,000 for the first time in the U.S. market,” Cox said.
EV sales in the U.S. through September reached just over 873,000, putting the market on track to “surpass 1 million for the first time ever. The milestone will likely be achieved in November,” Cox said.
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