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EV Growth: The slowdown in global electric-vehicle demand, intensifying competition from Chinese automakers and high U.S. borrowing costs have forced the U.S. automakers to delay investments and ratchet down costs over the past 12 months. With China's economy slowing and U.S. inflation running hot, a macroeconomic growth boost looks a long way off.
Cars News: In related developments, Reuters reported Tesla's initiation of right-hand drive car production at its German plant for export to India later this yea
News News: While in terms of growth percentages, the luxury, EV and SUV segments seem to be flying high, there are still some segments that need both OEM and pol
The share of EVs is minuscule - 0.77% of the 4.37 million units sold in 2022, compared to almost 20% in China. So, there's ample scope for Tesla to grow. The sticking point has been Tesla's demand that import duties on fully assembled EVs should be cut to 40%.
Surging batteries are a proxy for displacing gasoline in cars and trucks, and for displacing coal and natural gas in power plants.