2025: Is the EV Revolution 🔋🚗 Losing Momentum?
@yourcelesttyy:
Key Highlights EV Market Slowdown: Global electric vehicle sales growth slowed to 18% YoY in Q4 2024, down from 45% YoY in Q3. Tesla Under Pressure: Amid rising competition, Tesla faces reduced market share, falling from 20% to 16% globally. Government Policies: Subsidy reductions in China and Europe spark concerns about affordability and adoption rates. Market Analysis Challenges Facing the EV Industry Rising Competition: BYD and NIO dominate the Chinese market, challenging Tesla’s dominance. Legacy automakers like Ford and GM are ramping up EV production. Supply Chain Strain: Lithium prices remain elevated, impacting battery costs. Chip shortages persist, delaying deliveries. Policy Headwinds: Subsidies reduced by 30% in China and 20% in Europe. Uncertainty around U.S. incentives unde