In September, the number of fully EV and plug-in hybrid vehicles sold worldwide increased by 30.5% annually, driven by increases in Europe and China surpassing August’s record sales. Data manager Charles Lester told Reuters that the U.S. market has been rising gradually ahead of the election on November 5, which makes it challenging to forecast future trends in the nation. According to Lester, Europe saw a 4.2% increase in EV sales to 0.3 million units, driven by a 24% increase in the UK and increases in Italy, Germany, and Denmark.
Worldwide EV sales surged
Lester stated that sales of BEVs and PHEVs “could be a record per month until the end of the year” in the Chinese market, where the penetration rate of these vehicles is increasing more quickly than some had anticipated.
He went on to say that the 7% annual growth rate in Germany was “definitely positive news” and that the EU’s intermediate carbon emission reduction targets for the next year will put the bloc’s market to the test.
Automotive research lead William Roberts of Rho Motion told Reuters that the company anticipates Electric vehicle sales in Europe to be 3.78 million in 2025 and 9.78 million in 2030, respectively, which is 24% and 19% less than earlier projections. While Germany agreed in September to tax relief for corporations on their sales after concluding a subsidy scheme intended to help speed up the green transition last year, France stated earlier this month that it would be reducing its support for EV buyers.
