Global EV Sales Slip Again as China’s Market Stalls ...Middle East

Sales of electric vehicles globally booked another monthly decline in February, after dipping in January, mostly on the back of a marked slowdown in purchases in China. The country, which is the world’s biggest EV market, saw a sizable 32% decline in new electric car and hybrid registrations. The decline followed the phaseout of a tax incentive at the end of last year and the cancellation of funding for so-called trade-ins. As a result, new EV and hybrid registrations in February stood at less than 500,000 cars, Benchmark Mineral Intelligence…

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