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Apex Trader Funding - News

Global EV Boom Continues As China Outpaces Europe, US

China's electric vehicle market grew by 31% over the past year while sales were down across the EU and U.K., data shows. What Happened: EV researcher Rho Motion revealed that 1.4 million EVs were sold globally in July, bringing the year-to-date sales figure up to 8.4 million. Regional disparities continue to grow while EU and UK sales fell year-on-year by 8% compared to data sourced last July. Related: Tesla’s China Comeback: July Sales Surge 15% Year-On-Year Despite Overall NEV Market Dip Here’s a breakdown of the findings: Globally, the market continues to show strong growth, up 21% compared to the same period (January-July) in 2023. Battery Electric Vehicles (BEVs) represent 65% of sales in ...