July 12 Reuters Global sales of fully electric and plugin hybrid vehicles rose by 13 in June versus the same month in 2023 driven by growth in China, while they dropped in Europe, market research firm Rho Motion said.

China accounted for over 60 of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase in the domestic market share of PHEVs in the first half of the year, Rho Motion data manager Charles Lester told Reuters.

BY THE NUMBERS

PHEV sales worldwide reached 1.4 million in July, of which 0.86 million were in China, where they were up 25 yearonyear, Lester said.

In Europe, monthly sales were down 7 to 0.30 million, with Finland, Ireland, and the Netherlands leading losses, while Italy recorded a 34 increase following the introduction of government incentives, he added.

In the United States and Canada, PHEV sales were up 6 to 0.14 million in the same month.

BYD sales surged in Brazil, contributing to more than tripled figures from June 2023, Lester added.

KEY QUOTES

The overall picture is that 2024 is not going to see the ambitious growth some may have hoped for the industry and we have lowered our forecasts by 5 to 16.6 million electric cars sold this year, Lester said in a statement.

Regional disparities are quite remarkable, he added.

CONTEXT

Sales demand for electric cars has cooled in recent months after rising dramatically for several years, as consumers wait for more affordable models to hit the…