EV sales slumps around the world
London, October 29, 2024, (Oilandgaspress) ––– Elon Musk’s Tesla saw quarterly EV sales fall from a peak of 484,500 in Q4 2023 to just 386,800 in the first quarter of 2024. Meanwhile, Chinese car manufacturer BYD – the world’s largest seller of electric vehicles – saw global EV sales crash earlier this year.
In the first quarter of this year, it sold just over 300,000 EVs – dramatically down from 526,000 in the final quarter of last year.
Similarly, German carmaker Volkswagen sold 239,500 EVs in Q4 2023, but only 136,400 the following quarter, although sales recovered to 180,800 in Q2 this year.
It comes as Volkswagen has been forced to close three of its factories and slash jobs, partly due to a slower-than-expected transition to electric vehicles.
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