Tesla Facing Peak EV Adoption--Hybrid Market Share Growth Pushes Down EV Prices

Spike in more affordable hybrid sales has eaten up the market share of battery electric vehicles globally

In just under two months, 5 major automotive companies have announced either delays or cancellations of EV investments amounting to over $30 billion. If money talks, then this is a loud cry that the 5-year-old EV boom may have peaked. And the monthly data shows continued deceleration in global EV sales growth through November. The CFO of the Mercedes-Be…