business
speculative

EV market faces challenges as private sales decline and 2024 expectations are revised

2024-05-10 02:00
American EV-startup
  • Private sales of electric vehicles are falling, leading to a downgrade in sales expectations for 2024.
  • The UK automotive sector is revising its forecasts, expecting electric cars to make up less than one-fifth of the market.
  • The EV market is encountering hurdles, but experts believe it's not a roadblock to mainstream adoption.

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