EV Sales Shift Gears as April Demand Declines, New Industry Data Show

Recent figures could signal weakness in the EV market in the coming months.
EV Sales Shift Gears as April Demand Declines, New Industry Data Show
A Tesla logo at a showroom in New York City on March 20, 2025. Samira Bouaou/The Epoch Times
Andrew Moran
Updated:
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The electric vehicle (EV) market was stuck in reverse last month as consumer demand hit the brakes.

New industry data compiled by research firm Motor Intelligence revealed a 4.3 percent decline in U.S. electric vehicle sales in April. Meanwhile, overall automobile sales saw a 10 percent increase, highlighting a stark contrast in market trends.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."