Overview

• Electric vehicle (EV) market share declines as demand slows, with a notable shift back to petrol vehicles.
• Government urged to provide more incentives for private EV purchases amid concerns over high costs and insufficient charging infrastructure.
• Sales to commercial fleets drive the few gains in EV market, while private sales dip.
• Automakers offer discounts and incentives, but warn these cannot be sustained without government support.
• Concerns over the sustainability of EV production and the impact of cheaper Chinese imports on the market.