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EV Sales Plunge Below 1 Million Units in January 2024

By Barry Stearns

5/21, 17:17 EDT
  • Monthly EV sales have shown a declining trend from a peak in September 2023, with January 2024 sales falling significantly below the 1 million units mark.
  • The EV sales ratio, which had been increasing steadily, experienced a notable drop in January 2024, suggesting a potential shift in consumer sentiment or market dynamics affecting EV purchases.