In a nutshell: The electric vehicle revolution kicked into higher gear in the first quarter of 2024, with global EV sales jumping 18% compared to the same period last year. But while that double-digit growth looks impressive on paper, there are some concerning undercurrents rumbling beneath the surface.
What just happened? If there's one thing electric vehicle companies are known for, it's exaggerating the official ranges of their EVs. This is something that Tesla has been accused of doing on several occasions – and Musk's company is believed to be the worst offender of the bunch – this may explain why the automaker recently lowered the range estimates for several models in the US.