Global sales of electric cars increase - Only the American market is in crisis!
Global sales of electric and plug-in hybrid vehicles rose 24% in June from a year earlier, as the shift to electric vehicles continued its upward trend in both China and Europe, market research firm Rho Motion said.
However, EV sales in the United States were down 1% this month and will continue to struggle to recover this year.
North America, also weighed down by slowing sales in Canada, fell behind the "rest of the world" countries for the first time, which include emerging markets in Southeast Asia and South and Central America.
Global manufacturers face a 25% import tariff in the United States, the world's second-largest car market, prompting many to withdraw their forecasts for 2025.
In Europe, incentives for retail buyers in key markets such as Germany and Spain, along with an increasing availability of cheap EVs, are expected to support electric car sales during the second half of the year.
While some of the most successful EVs in the small vehicle segment are produced in Europe by the likes of Volkswagen and Renault, those from Chinese brands including BYD are taking market share on the continent and further growth in emerging markets.
Global sales of battery electric vehicles and plug-in hybrids rose to 1.8 million units in June, RHO data showed. Sales in China rose 28% from the same month last year to 1.11 million vehicles.
Europe recorded a 23% increase to around 390,000 units, while North American sales fell 9% to over 140,000. Sales in the rest of the world rose 43% to exceed 140,000 vehicles.
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