The numbers are in.
The sales of electric vehicles (EV) declined globally in the first quarter of 2024, according to auto majors Volkswagen (VW), Mercedes-Benz (MB), and Tesla. However, the BMW Group has reported growth in the same period.
VW reported a 3% drop, while MB reported an 8% decline in EV sales yet a 6% increase for plug-in hybrids (PHEVs), and Tesla reported its first-ever year-on-year sales decline