Electric vehicle sales reach 1.85M in July
Global electric vehicle sales rose to 1.85 million units in July, a 9% increase compared to the previous year, despite a market downturn in China by 5% and North America by 27%. The primary driver of this growth was Europe, where sales increased by 33% to 450,000 units, thanks to the reinstatement of financial subsidy programs, with France, Germany, and the UK recording significant growth. Since the beginning of the year, electric vehicle sales have reached 11.5 million units, exhibiting notable disparities across markets—European demand is bolstered by subsidies and support, whereas the U.S. market has declined following the cancellation of tax incentives.
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