Reuters
Global EV sales grow again in April as petrol prices drive demand, but North America slumps 28 percent
Executive Summary
Summary: Global electric vehicle registrations rose 6% year-over-year to 1.6 million units in April, marking the second consecutive monthly increase. High petrol prices and government incentives supported demand. However, growth was geographically uneven. European registrations climbed 27%, while Chinese sales fell 8% following the withdrawal of trade-in support and expiration of purchase tax breaks. North American registrations dropped 28% after a U.S. tax credit ended. Chinese EV manufacturers expanded internationally, with exports exceeding 400,000 units in April.
Read the original at Reuters
Global EV sales grow again in April as petrol prices drive demand, but North America slumps 28 percent
Brands Mentioned
“Gobsmacked” Australian judge tells Tesla to expect ‘a really bad time’ as class action discovery stalls after eight months
BYD in talks to take over Stellantis and other European factories as capacity crisis runs beyond what Leapmotor alone can absorb
China’s domestic car sales fall for seventh straight month in April but export volumes surge 80 percent year on year
