Bloomberg EV Price Return Index Falls 1.01% to 2,974.76

The dispersion inside the index is the story here: battery and materials names like CALB and Umicore sold off sharply while lidar and an automaker rose, so the headline decline reflects weakness in the supply chain rather than a uniform EV risk-off. That split matters for anyone reading the index as a proxy for the sector, since a handful of component makers can drag it lower even when parts of the vehicle stack are bid. Whether this divergence persists or converges is the open question worth tracking.