EV sales plummet as owners rethink future of EVS

EV sales plummet as owners rethink future of EVS

The electric vehicle (EV) market is facing a downturn, with shares of companies like Rivian and Lucid dropping 80-90% in early 2024. Tesla has responded with discounts and incentives. A Park+ survey reveals that 51% of Indian EV owners want to return to petrol or diesel cars, reflecting a global trend of waning EV enthusiasm.