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US Electric Vehicle Sales Growth Slowed in Latest Quarter
Electric vehicle sales in the US grew by just 1.3% in the final months of 2023, the latest sign that many American drivers remain cautious about making the leap to battery-powered cars. A total of 317,168 EVs were sold in the fourth quarter, up from 313,086 in the prior three months, researcher Cox Automotive said in a post on its website, citing data from Kelley Blue Book. The growth marked a deceleration from sequential gains of about 5% in the third quarter and 15% in the April-through-June period. Sales still hit a record both for the last quarter and full year, helped by price cuts from market leader Tesla Inc. ... (full story)