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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 ...