Car companies are cutting investment in electric cars, expecting an increase in demand. Electric car sales fell in December 2023.
Emese Grancsa
Economy
Photo by Bram Van Oost on Unsplash
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Profitability concerns have driven Tesla shares down, influencing other car companies' decisions. However, sales of electric cars saw substantial growth in 2023, reaching a global volume of more than 1.5 million units. Incumbent manufacturers face difficulties in justifying investment in electric cars amid still modest demand.
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