electric vehicle market correction
5% Growth Surprise In Electric Vehicle Sub‑Niches
Answer: In 2024, overall EV registrations slipped 12%, but micro-urban sub-niches such as electric cargo vans grew 9% in California, proving that niche markets can thrive amid a broader sales decline. That drop masks a lively ecosystem where high-performance scooters, luxury micro-cars, and purpose-built delivery fleets are reshaping revenue streams.