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China EV strength continues to support rest of world

Posted on - 15 Jan 2025

Category - Trade & Demand

China continued to be the world’s fastest-growing region for EV sales in November and anecdotally in December as well. Outside China it was much of a muchness in November, although there have been slightly better sales in the US over recent months, perhaps as buyers look to lock in tax credits ahead of their likely removal by the Trump government once it comes into power. European EV sales volumes were flat to down at 297.7k units for the month and are only just eking out a positive trend for the year, up 1% YTD. Focus is now moving to next...

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BEV China EREV Europe EVs LFP PHEV ROW Ternary US