Overview
- U.S. October reports show a sharp EV pullback after the $7,500 federal credit expired, with Ford’s all‑electric sales down 25% year over year and Hyundai and Kia logging steep model declines as hybrids gained.
- Tesla’s European registrations slumped, dropping 89% in Sweden (133 units), 86% in Denmark and 50% in Norway, while Dutch sales nearly halved to 645, with Swedish labor blockades and logistics disruptions compounding weakness.
- China data show Tesla’s Shanghai output fell about 32% from September and October wholesales slid 9.9% year over year to 61,497, as rivals NIO and XPeng reported record deliveries and BYD posted 441,706 sales, up month on month but down year over year.
- China’s regulator announced a recall of more than 115,000 BYD vehicles for design and battery‑related safety issues, adding pressure as the company records a second straight year‑on‑year monthly decline.
- Not all EV makers fell: Motor Intelligence estimates Rivian sold 3,944 vehicles in the U.S., up 17% year over year, and Lucid registrations rose both monthly and annually, while India’s EV retails climbed 56% year over year following recent tax changes.