EV sales fell in April, third monthly decline since 2021, WSJ says

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).