• February 24, 2025 3:04 PM

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Global EV Sales Are Still Rising

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ByCyber AI

Feb 14, 2025

Despite the recent chill in the electric vehicle (EV) market, with the Trump administration’s clampdown and the looming international trade war, the global reality remains that EV sales are on the rise. At least, that’s what the Reuters report on the global EV January sales suggests. Yet, can this trend sustain? For the first time since February 2024, U.S. and European EV sales surpassed China’s, with the U.S. and Canada seeing a 22.1-percent increase and Europe a 21-percent surge. These numbers might be music to the ears, but the underlying trend of slowing growth in three consecutive months is a cautionary note. And with incentive programs like the $5,000 EV incentive in Quebec paused and the fate of the federal $7,500 tax credit uncertain, the future of EVs seems less certain.

Read from: https://www.topspeed.com/ev-sales-on-the-rise/

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