EU vs China - Tariff War squeezes Chinese EV sales
Electric Vehicle Sales Accelerate Amid Growing Demand
Industry News

Global sales of fully electric vehicles and plug-in hybrid cars surged by 30.5% year-over-year in September, driven by continued growth in the electric vehicle markets of China and Europe. China surpassed its previous EV sales record set in August, while Europe’s electric car market rebounded after a temporary slowdown.

In the United States, electric vehicle sales have shown steady growth, though the upcoming November 5 election introduces uncertainty regarding future electric car market trends. Despite facing high import duties of up to 45% and a cooling global demand for electric vehicles, Chinese electric car manufacturers are aggressively expanding their presence in the European electric vehicle market. The Paris Motor Show, held earlier this week, highlighted the intense competition between Chinese and European electric vehicle manufacturers.

Globally, EV sales, including both battery electric vehicles and plug-in hybrid electric vehicles, reached 1.69 million units in September. China led the way with a 47.9% increase, reaching 1.12 million electric vehicles.

The United States and Canada saw more modest electric vehicle sales growth, with a 4.3% increase, reaching 0.15 million units. Europe’s EV market experienced a 4.2% rise, driven by strong electric vehicle sales in the United Kingdom, Italy, Germany, and Denmark.

EU vs China - Tariff War squeezes Chinese EV sales
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