RBC Predicts Prolonged Challenges in EV Market

For the better part of the last 6 months we have been documenting the slowdown in EV adoption, with major legacy automakers scaling back on investments, switching to hybrid plugin models and saturating the market with competition. And a new note from RBC this week seems to suggest that the slowdown isn't close to being over. Analyst Tom Narayan wrote on Tuesday morning in a note to clients: "Key takeaways thus far from earnings season are that the EV slowdown is not showing any evidence of an inflection, Level 4 autonomy headwinds continue to persist,…