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EV sales share falls to 7.7% in August as hybrid demand rises in US

Polestar cites pricing pressure,  residual-value guarantee costs

Johnnie Martinez II

Demand for EVs weakened in August as affordability pressures and the loss of federal incentives weighed on battery-electric sales while buyers increasingly turned to hybrids.  EVs accounted for 7.7% of U.S. new-vehicle sales, down from 11.9% a year earlier, TD Economics economist Andrew Foran wrote in a Sept. 2 report. The comparison reflects a strong […]

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