EV Expansion Endures Despite North American Decline
Global sales of battery-electric and plug-in hybrid vehicles surged by 24% in June compared to the same month last year, according to market research firm Rho Motion. While electric vehicle (EV) sales continued to grow in China and Europe, the United States experienced a 1% decline. The findings were reported by Reuters.
Industry analysts point to the sudden reduction in tax credits under the Trump administration’s new spending bill as a key factor behind the dip in U.S. sales. Canada also witnessed a decline in EV purchases, marking the first time North America has lagged behind other emerging markets in this sector.
Worldwide EV sales reached 1.8 million units in June. In China, sales climbed by 28%, surpassing 1.1 million vehicles, while Europe saw a 23% increase, reaching nearly 390,000 units. In stark contrast, North American sales fell by 9%, dropping to just over 140,000 units.
Experts remain optimistic, predicting that new subsidy programs in China during the second half of the year will further accelerate sales growth.
