Why Are Global EV Sales Slowing?

An economic slowdown in many parts of the world and the phase-out of EV subsidies in the United States have led to lower EV sales this year, a survey by the Columbia University’s Center on Global Energy Policy has shown. The survey looked into more than a dozen EV penetration forecasts and found that two-thirds of these feature lower EV sales projections both for the short and the long term, author Marianne Kah noted. What’s more, the forecasts were less optimistic about battery cost declines, too. Battery costs are one of the keys…