EV Adoption Slumps As Hybrid Sales Soar
Being long Toyota for its HEV growth while shorting Tesla could be a winning pairs trade in 2024
US EV sales saw their slowest growth in Q4 2023; Inventories bulging (see Figure 1).
EU EV sales dropped by 4.5% YoY in Q4 2023; affordability is a key issue.
China EV sales growth recovers in Q4 on big discounts; hybrids grow faster than BEVs for the second consecutive year in 2023.
Global EV sales (China + EU + US) record lowest YoY growth in Q4 2023 (se…
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