The American Journal of Transportation reports that the global electric vehicle market is facing a collapse. In January only 672,000 EVs sold, which is half the December number and only 3% more than January 2022. EV subsides in many European countries and China were cut in January. One ray of hope is the US market, with the rolling out of tax credits under the Inflation Reduction Act just beginning. China, Germany, and Norway experienced the largest drop in EV sales.

Credits to American Journal of Transportation
ajot.com