Europe Driving Global EV Growth as North America Slumps in August
Global EV sales rose 2% year over year to 1.83 million in August, led by a 36% jump in Europe to about 380,000 units while North America plunged 33% to roughly 140,000. China edged up 4% month over month but was down 11% year over year, with BEV sales strengthening the share of the market; rest-of-world markets grew 97% year over year to about 290,000. Year-to-date totals show Europe at about 3.3 million, China about 6.9 million, and global sales around 13.44 million, reflecting a mixed global picture driven by European incentives and supply/demand headwinds in North America and China’s export push.
