It didn’t seem like any manufacturers really anticipated it to slow down. I expected EV’s to rocket to maybe 20% market share before slowing, but that’s also why I question if this is a real downturn or just a temporary dip.
As for Hybrids, I think it’s notable because of how many get sold. Crunching the math in the article, Toyota alone sold about 1.5 Million hybrids, but that shouldn’t be a big surprise. I think the real takeaway here is that manufacturers should be making some hybrids rather than allocating so many batteries to half-baked or overpriced EVs. Making an EV just to say you have an EV is probably not worth it at this point.
It didn’t seem like any manufacturers really anticipated it to slow down. I expected EV’s to rocket to maybe 20% market share before slowing, but that’s also why I question if this is a real downturn or just a temporary dip.
As for Hybrids, I think it’s notable because of how many get sold. Crunching the math in the article, Toyota alone sold about 1.5 Million hybrids, but that shouldn’t be a big surprise. I think the real takeaway here is that manufacturers should be making some hybrids rather than allocating so many batteries to half-baked or overpriced EVs. Making an EV just to say you have an EV is probably not worth it at this point.