Overall EV registrations grew 14 percent in April, but excluding Tesla’s figures they’re up 69 percent
North American sales of electric cars grew 14 percent in April versus the same month last year, according to S&P Global Mobility. Excluding Tesla ’s dismal figures from the April data inflates EV growth to 69 percent. Despite a recent facelift, Model 3 sales were down 54 percent between January and April. Here’s some news to brighten the day of legacy automaker CEOs who are too far down the electrification path to change direction in response to tales of shrinking demand.
Despite the arrival of a facelifted car at the start of 2024, sales of the sedan fell 55 percent in April and were down 54 percent in January to April. The brand’s share of the electric market has dropped from 60 to 50 percent as a result, the data shows. Analysts say this is partly down the Model 3 being dropped from the list of EVs eligible for tax credits.
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