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OEMs are Making Contingency ICE Production Plans as EV Sales Miss Projections

AutoSuccessOnline

These results are consistent with the declining sales growth in EVs – through June 2024, EV sales growth is down 84% compared to 2023. These results are consistent with the declining sales growth in EVs – through June 2024, EV sales growth is down 84% compared to 2023.

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The Vast Majority of OEMs are Making Contingency ICE Production Plans as EV Sales Miss Projections, but are Increasingly Optimistic about Health of US Auto Retail Industry

Dealer World

This has also led to a pullback in OEMs’ changes to the retail sales model and facility requirements, with some, such as Ford, abandoning their plans to take a more active role in retailing and recognizing the dealer network is the most economic and efficient sales model.

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