Reciprocity
Active Member
Q3,Q4 2017 were hugely inflated because Norwegians were rushing to buy EVs when they thought they were about to lose a tax break. Most of those extra sales were pulled forward from this quarter, so it's really amazing that we're up this quarter vs last year.
I agree and based on Q4 2018 demand being pulled forward as you stated, which is clear. This should have resulted in Q1 2018 being terrible, yet it is up double digits as a percent YoY. A dishonest analyst would say that deliveries where down massively from the previous quarter. And an honest analyst would say that demand was pulled forward by the possibility of tax credits expiring, but the same quarter year over year over year shows steady and strong growth even with so much demand, almost a full quarters worth, being pulled into the prior quarter.