“There are clear signs of carmakers pushing EVs,” said Mike Tyndall, motor industry analyst at HSBC. “This was almost unthinkable at the start of the year.”

Brutal price war

In the UK, two-thirds of new EVs sold are on offer or have heavily discounted interest rates for financing, according to numbers from AutoTrader.

EV makers slash prices worldwide as demand goes flat comes via ChinaTechNews.com.