Angle: US EV sales exceeded expectations in the second quarter, yet the future is difficult

July 3, 2024 11:12 AM GMT+9 (some excerpts)

The electric vehicle (EV) market in the United States has been hit by a sharp decline in demand against the backdrop of high interest rates, but the number of units delivered in the second quarter exceeded expectations. Investors are relieved, but the future of EV manufacturers is still difficult.
The number of EV deliveries announced by General Motors (GM) (GM.N), Rivian (RIVN.O), and Toyota Motor Corporation (7203.T) on the 2nd was strong, and the decline in Tesla (TSLA.O) was smaller than expected. This was well received, and some automobile stocks rose.