BUSINESSBUSINESS INSIDER
The US EV market comes back from the dead. Thank high gas prices.
US EV sales increased in Q2 due to high gas prices, with Tesla leading the market with a 50.5% share. Other automakers like Ford and Chevrolet saw significant declines in EV sales, while Toyota and Subaru experienced growth.
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Adjacent reporting
- Retail sales up 1.7% in March from February driven by a spike in gas prices
- Tesla’s stock rises as investors get a fresh sign that high gas prices are driving EV sales
- Tesla’s Europe sales rebound
- Tesla sales smash expectations as it cashes in on sky-high gas prices
- Retail Sales up 0.9% in May as the weather improved and gasoline prices cooled