The Electric Vehicle Slowdown: 'Automakers Are Freaking Out'

By Daniel Walker | May 31, 2024

Recent sales

Despite concerns about an "EV slowdown" and a narrative of Americans turning away from electric vehicles, the actual state of the electric vehicle market shows ongoing growth and potential. 

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While recent sales may have fallen short in some instances, the overall market continues to expand. 

A nuanced view

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Bloomberg's Tom Randall presents a nuanced view of the EV industry, highlighting both potential slowdown indicators and signs of substantial growth. The first quarter saw exceptional performance for many automakers, with six of the top 10 U.S. EV manufacturers experiencing impressive sales growth.