Locator: 48480EVS.
This must be the third or fourth story in as many weeks of EV sales plummeting. This is simply staggering when considering all the associated data points, hype, global government support, etc.
The lede: auto sales in Europe were roughly flat in July as demand for EVs weakened further in Germany, the region's biggest car market.
The bigger story: it's amazing what Bloomberg doesn't put in the headline. A better lede:
Neither Trump nor Harris will scrap EV subsidies. But that's fine with me. I'm an investor and cultural observer, not a faux environmentalist.
Think Volkswagen -- and its recently announced $5 billion investment in Rivian. From August 5, 2024:
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