The EV demand changes reflect the population that is currently looking for a new car (have the money and are willing to buy) and people were previously “on the margin”, those who weren’t looking to buy a car immediately (more like sometime in the next 6-18 months), but due to fuel price changes they have now moved into the first group.
The EV demand changes reflect the population that is currently looking for a new car (have the money and are willing to buy) and people were previously “on the margin”, those who weren’t looking to buy a car immediately (more like sometime in the next 6-18 months), but due to fuel price changes they have now moved into the first group.