Friday, 24 March, 2023

EV sales grew amid decline in automobile sales

<p>Electric vehicle sales increased in the first quarter of 2022, owing largely to the introduction of new models. Meanwhile, according to data by Autodata Corp, the whole industry saw a 15.3% drop in new vehicle sales, to 2,516,236 units. Industry-wide data shows that every manufacturer posted a double-digit decline in sales except for Hyundai and Kia, which posted single-digit decline. Tesla posted a record-breaking quarter as sales rose 87% to 129,743 units.&nbsp;</p>