World EV Sales Jump
North America market still growing but at much slower pace as incentives wane.

Many European cities are seeing strong EV sales growth and are proving fertile new ground for Chinese automakers.
Pexels/Lewis McNeal
Global electric-vehicle sales grew by a quarter in May despite some regional slowdowns.
The year-over-year spike was led by China, where more than a million EVs sold for the first time after it hit that milestone in August, said London-based EV data provider Rho Motion.
The Asian giant’s EV deliveries are up by a third year-to-date as it grows its overseas deliveries, especially in Europe. No Chinese automakers yet sell vehicles in the U.S.
Global EV sales rose 8% over April to 1.6 million units, Rho Motion said.
North American market sales, though well off the worldwide average, have still increased by 3% year-to-date, despite Canada’s pause on EV subsidies, which has curtailed sales in the Great White North by 20%, according to Rho Motion.
U.S. EV sales alone are up 4%, as its federal tax credits are still in place for now, though the Trump administration has planned a gradual phase-out. The Senate version of the pending tax bill would speed up the phase-out and axe tax credits for EV leases right away.
EV sales growth has been strong in many European countries, including the United Kingdom, Spain, Italy and Germany, the latter of which Rho Motion said will likely see growth accelerate after it recently introduced new incentives aimed at corporate fleets.
Originally posted on Auto Dealer Today
More Industry

World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →
Smaller Is Looking Better
A growing number of Americans in the market for a new vehicle are opting for more affordable options, not waiting for market stability to bite the bullet.
Read More →
U.S. EV Market Slowly Stabilizes
U.S. electric-vehicle interest is slowly stabilizing since a major dip in sales after last year's end of the federal EV tax credit, and hybrids remain the leading electrified power train.
Read More →
Global EV Market Entering New Phase
Automakers are making investments to lower battery costs and optimize production to meet changing consumer needs.
Read More →
Black Book Weekly Market Update
The holiday weekend, not surprisingly, put a drag on wholesale automotive activity last week, analysts observed.
Read More →
Auto Affordability in Context
Cox Automotive points out the complex circumstances that have led to eye-popping vehicle prices.
Read More →
Black Book: Weekly Market Update
Automotive auction inventory increased last week, giving choosy bidders even more leeway.
Read More →