Recently, data from market research company Rho Motion showed that global sales of electric vehicles and plug-in hybrids reached 1.4 million in July this year, an increase of 21% year-on-year. About 880,000 units were sold in China, up 31% from a year earlier, while plug-in hybrid sales surged 70%.
Electric vehicle sales also rose 7.1 percent in the United States and Canada in July, while the European market declined slightly, with July sales down 7.8 percent. The German market was the worst performer, with cumulative sales from January to July down 12% year on year.
According to the research institute’s data manager, “The electric vehicle market has been mixed this year. Global sales were strong, with continued growth particularly in China, North America and the emerging EV market. However, sales stagnated in the European Union and fell sharply in Germany. Eu tariffs on Chinese electric vehicles could further exacerbate the situation.”
The research house noted that one of the biggest winners from the rebound in demand for electric vehicles and plug-in hybrids is BYD. Sales of its all-electric vehicles rose 13% in July, while sales of plug-in hybrids rose 44%.
