Sales of EVs fell by 5% in the U.S. in April while the broader car market grew by 10%, making this the third time monthly EV sales have declined since 2021, Ryan Felton of The Wall Street Journal reports. The declines were across most brands, which dealers said were due to several factors, including cooling customer interest and fewer promotions and discounts. Publicly traded companies in the EV space include Ford (F), GM (GM), Rivian (RIVN), Lucid (LCID), Nio (NIO), Xpeng (XPEV), Li Auto (LI), Nikola (NKLA), and Zeekr (ZK).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on F:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue