The EV slowdown is more of a Tesla slowdown, analysts say

Analysts said yesterday that what appeared to be slowing growth in U.S. EV sales during the first quarter was actually a significant slowdown in Tesla sales. But the rest of '24 could pop for EVs.

Electric vehicle sales in the US grew by 15 percent over the same period a year earlier in the first quarter, a slowdown in growth driven almost entirely by slumping sales at Tesla, according to data released yesterday by Cox Automotive. 

The analysts said that without Tesla’s sluggish sales, the market would have grown by a healthy 33 percent in the fir…