AUTO

Global EV sales remain strong

By Sanjana Shankar

1

EV record

China's EV sales hit record highs in October despite subsidy cuts, while the global EV market grew 34% in September. 

2

Europe

Europe saw a 26% growth in EV sales, but the discontinuation of subsidies impacted demand. 

3

North America 

North American EV sales have surged 78% this year. Tesla leads the market as "legacy automakers temper ambitions of scaling production." 

4

Delayed purchases

European consumers are reportedly delaying EV purchases, anticipating better and cost-effective models in the next few years. 

5

Struggles

High interest rates and a lackluster market have discouraged customers, with Volkswagen's EV order intake being half of what it was the previous year. 

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