Reuters Global sales of fully electric and plugin hybrid vehicles rose by a yearly 21 in July, thanks to China39;s strongest growth this year and despite dropping demand in Europe, market research firm Rho Motion said Monday.
In the European Union MG Motor, owned by China39;s SAIC Motor Corp, expects to be hit hardest by provisional tariffs imposed on EVs imported from China, Rho Motion data manager Charles Lester told Reuters.
The impact of the tariffs should be smaller on Tesla, which can produce in its Berlin factory, and Chinese EV giant BYD, whose presence in Europe remains small, Lester said.
BY THE NUMBERS
EVs whether fully electric BEV or plugin hybrids PHEV sold worldwide were at 1.35 million in July, of which 0.88 million were in China, where they were up 31 yearonyear, the data showed.
PHEVs sold in China in the first seven months of 2024 were up 70 from last year.
BYD, China39;s and the world39;s biggest EV maker, reported in the same period increases of 13 and 44 in its global BEV and PHEV sales, respectively.
In Europe, monthly sales were down 7.8 in July, to yeartodate figures in line with 2023. In the seven months to July, they dropped by 12 in Germany, the EU39;s biggest EV market.
In the United States and Canada, EV sales were up 7.1 in July.
KEY QUOTES
BYD continued to have record sales of plugin hybrids again this month, which is a key contributor as they have a large volume of vehicles that they sell, Lester told Reuters.
Range extender…