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3w ago

Global EV Sales Up 24% in June as North America Lags

Analysts project a third-quarter surge in U.S. electric vehicle purchases with federal tax incentives set to expire on September 30.

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An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville/ File Photo
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Overview

  • Global EV sales rose 24% in June to 1.8 million units, following a first-half total of 9.1 million vehicles sold, up 28% year over year.
  • China led the June rebound with sales climbing 28% to about 1.11 million electric and plug-in hybrid vehicles.
  • European deliveries increased 23% in June to roughly 390,000 units, buoyed by subsidies and the launch of affordable battery-electric and plug-in hybrid models.
  • North American EV sales fell 9% in June to just over 140,000 vehicles, reflecting a slowdown intensified by President Trump’s decision to end federal tax credits on September 30.
  • Rho Motion forecasts a buying rush in the U.S. during the third quarter before credits expire and a subsequent sales downturn once subsidies lapse.