Global electric vehicle sales increased by 21 percent in July

Market research firm Rho Motion says global sales of all-electric and plug-in hybrid vehicles are falling despite a decline in demand in Europe. He said it increased by 21 percent annually in July. The growth in China was effective in this.

Rho Motion data manager Charles LesterChina in the European Union SAIC Motor belongs to the company MG MotorHe said that he expects to be the company most affected by the temporary customs duties applied to electric vehicles imported from China. Lester said the impact of the tariffs was on the ability of its factory in Berlin to produce Tesla and the Chinese electric vehicle giant, whose presence in Europe remains small BYD He said there should be less on it.

The number of electric vehicles sold globally reached 1.35 million in July

According to the data, the number of electric vehicles sold worldwide, whether fully electric or plug-in hybrid, reached 1.35 million in July, while 0.88 million of this figure was in China, representing a 31 percent increase on an annual basis. PHEVs sold in China in the first seven months of 2024 increased by 70 percent compared to last year. BYD, China’s and the world’s largest electric vehicle manufacturer, reported a 13 percent and 44 percent increase in global BEV and PHEV sales, respectively, during the same period.

Monthly sales in Europe fell 7.8 percent in July

Monthly sales in Europe fell 7.8 percent in July, falling to year-to-date figures in line with 2023. In the seven months to July, sales in Germany, the EU’s largest electric vehicle market, fell by 12 percent.

Electric vehicle sales in the USA and Canada increased by 7.1 percent in July.