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EV sales are growing — they hit a record 300,000 sales in the US by Q3 — but it's happening at a less rapid pace than many in the industry were anticipating.
Pricing, lacking infrastructure, and macroeconomic factors will continue to influence buyers' uptake of EVs other than Teslas, the Cloud Theory report said.
As such, Cloud Theory experts say: "No company — not even Tesla — is guaranteed a seat at the head table."
Persons:
Tesla, —, Theory, Elon, Rick Wainschel, It's
Organizations:
Service, Cox Automotive, Ford, Chevrolet, EV, Manhattan
Locations:
China