Global EV sales rise in April despite trade disruptions, fall in North America
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Sales in China were up 32 per cent from the same month of 2024 to 0.9 million vehicles.
PHOTO: REUTERS
Gdansk - Global sales of electric and plug-in hybrid vehicles rose 29 per cent year on year in April, with stable growth in China and Europe despite trade tensions, while North America recorded the first fall since last September, data showed on May 14.
European electric vehicle (EV) sales of legacy auto groups that are seeking to sell less polluting models to meet EU carbon dioxide emission targets, outperformed those of Tesla.
Tesla continued to lose market share ahead of a revamp of its popular Model Y, Rho Motion data manager Charles Lester said.
China-based EV makers continued to increase domestic sales of battery EVs while responding to growing demand for plug-in hybrids offshore, he added.
Global automakers face a 25 per cent import tariff in the US, the world’s second-largest car market, causing many of them to withdraw their outlooks for 2025.
President Donald Trump’s stance towards emissions standards and uncertainties around tariffs also hampered EV growth in North America.
His trade deals in May with Britain and China affect EV sales only marginally, but are positive signs for the industry ahead of his potential talks with South Korea, Japan and the European Union, Mr Lester said.
Global sales of battery EVs and plug-in hybrids rose to 1.5 million in April, the Rho Motion data showed.
Sales in China were up 32 per cent from the same month of 2024 to 0.9 million vehicles.
Europe reported a 35 per cent year-on-year increase in registrations to 0.3 million cars sold, while in North America they fell 5.6 per cent to 0.1 million.
In the rest of the world, April sales rose by 50 per cent.
“The plug-in hybrids have almost doubled year to date in the rest of the world, but the main reason for that is the Chinese exports,” Mr Lester said.
Governments worldwide are adopting policies to encourage EV adoption, while trade tensions and slowing car markets could foreshadow plant closures and job losses.
China extended its auto trade-in subsidies into 2025 as part of an expanded consumer trade-in scheme in January, to try to avert a slowdown in EV sales while reviving economic growth. REUTERS
