Global electric car sales slow – data ...News

Russia Today - Economy
Global electric car sales slow – data
source : Russia Today ( News ) () 34
Demand for EVs has reportedly been declining, partly due to a reduction in state subsidies Sales of fully electric and plug-in hybrid vehicles (PHEVs) have continued to slow across the world, according to market research firm Rho Motion, cited by Reuters. Sales rose by only 31% last year, down from 60% growth in 2022, the data shows. Global sales of such cars passed the 10 million-mark in 2022, with 60% of the vehicles sold in China. “The pace of growth is slowing, but that’s what’s expected in growing markets like this,” Rho Motion data manager Charles Lester told the outlet this week. “You can’t double every yea

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