Back 13 Jun 2025

Global EV sales rise in May as China hits 2025 peak

Summary: Global EV sales rose 24% in May, driven by a 24% increase in China to 1.02 million units. Europe saw a 36.2% increase, while North American sales grew only 7.5%. The US market faces challenges from tariffs, uncertain emissions standards, and the phasing out of EV tax credits.

Link: https://www.straitstimes.com/business/companies-markets/global-ev-sales-rise-in-may-as-china-hits-2025-peak-rho-motion