Why Elon Musk is right - once-booming electric car sales are starting to stall

EV sales have plateaued economic headwinds and weaker state subsidies but the glut might just be a temporary rutElon Musk became the world's richest man by evangelising about electric cars - and delivering them by the million. Yet in recent months his company, Tesla, has struggled to maintain its momentum: sales have dropped this year, and so has its share price.Those struggles have become emblematic of a broader reckoning facing the electric vehicle (EV) industry. After the soaring demand and valuations of the coronavirus pandemic years, the pace of sales growth has slowed. The industry has entered a new phase, with questions over whether the switch from petrol and diesel to cleaner electric is facing a troublesome stall or a temporary speed bump. Continue reading...