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Electric Car Market

All articles tagged with #electric car market

automotive2 years ago•3 min saved

"2023's Top-Selling Affordable EVs and Tesla's Dominance in U.S. Market"

In 2023, electric vehicle (EV) sales in the US surpassed one million units for the first time, with the Tesla Model Y and Model 3 leading the pack. The market saw a surge in EV sales due to lower prices and improved government incentives, with the average price paid for a new EV dropping by about $14,000 from the previous year. The top 10 best-selling electric cars of 2023 were also some of the most affordable, reflecting a shift in consumer preferences towards cheaper EV options.

via Business Insider|

#automotive #chevrolet-bolt #electric-car-market

businesseconomy2 years ago•4 min saved

Asia Markets Anticipate Positive Growth with China's Business Activity Surveys

Asia-Pacific markets are on the rise ahead of the release of business activity data and inflation reports from countries in the region. China is set to release its July purchasing managers index (PMI) for both the manufacturing and non-manufacturing sectors, with expectations of the manufacturing PMI remaining in contraction territory for a fourth straight month. Japan's industrial production in June was lower than expected, while the electric car market in China is facing challenges with cash flow and deliveries. Additionally, there are cheaper stocks available in the market, and technology stocks have rallied, lifting the Nasdaq Composite.

via CNBC|

#asia-markets #business-activity #businesseconomy