Fewer Consumers Are Planning to Buy EVs. Is It Time to Sell Rivian and Tesla Stocks?
TSLATesla(TSLA) The Motley Fool·2024-09-13 15:18

With EV growth slowing, what should investors do with the EV stocks?While electric vehicle (EV) sales continue to grow, that growth has materially slowed this year. Deliveries of EVs in the U.S. increased by 11% in the second quarter, which was a big drop from the more than 50% growth EVs experienced in 2023.Growth has slowed even more in Europe, with just 1% more deliveries in the first half compared to a year ago. For the full year 2023, EV sales in Europe increased 16%.Meanwhile, according to recent surv ...