Market research firm Rho Motion said global sales of fully electric and plug-in hybrid vehicles (PHEVs) rose by 13% in June compared to the same month in 2023, driven by growth in China.
China accounted for over 60% of the total, as rising electric vehicle availability and strong BYD sales 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.
PHEV sales worldwide reached 1.4 million in July, of which 0.86 million were in China, where they were up 25% year-on-year, 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.
Lester added that BYD sales surged in Brazil, contributing to more than tripled figures from June 2023.
“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. “Regional disparities are quite remarkable,” he added.
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