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Sales down as automakers adjust strategy after end of tax credits and in face of trade tariffs
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Expected decline in EV deliveries not as bad as some might have expected
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StoneEagle finds that July’s lease market delivered a sharp rebound in volume led by a surge in electric-vehicle leasing, but the gains came at a cost.
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Despite decline, they gain in market share. Global sales, meanwhile, rocket.
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Market share growth started to flatten out late last year, will surely fall after federal incentives end soon.
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They say profit margins from combustion vehicles will rise for a few years until a widespread consumer shift toward electric vehicles.
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A maze of unknowns when it comes to the transition away from ICE vehicles calls for soul-searching, careful planning.
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U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
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