but prices of evs, they are staying high and that, according to the experts, is behind the worrying slow down. and now manufacturers are not so optimistic about the year ahead, with tesla announcing weaker sales than expected and its chinese competitor byd seeing sales slump in february. but that said, while ev sales are slowing, it is still a growing market. global ev sales grew by 21% compared to this time last year. the world s largest electric vehicle market, it s china. it saw nearly 15% growth in the first three months of the year, with sales over a million cars, but it is still the slowest growth in a year. europe, the second largest market, has been at the centre of the ev revolution, but it s only seen 7% growth so far this year. that s down more than a half compared to last year. in the us and canada, the us being the third largest market, sales grew 13%.
slow down. and now manufacturers are not so optimistic about the year ahead, with tesla announcing weaker sales than expected and its chinese competitor byd seeing sales slump in february. but that said, while ev sales are slowing, it is still a growing market. global ev sales grew by 21% compared to this time last year. the world s largest electric vehicle market, it s china. it saw nearly 15% growth in the first three months of the year, with sales over a million cars, but it is still the slowest growth in a year. europe, the second largest market, has been at the centre of the ev revolution, but it s only seen 7% growth so far this year. that s down more than a half compared to last year. in the us and canada, the us being the third largest market, sales grew 13%.
Global EV Sales: Sales of BEVs and PHEVs hit a fresh monthly record of 1.4 million units, up from 1.1 million in November 2022. "Sales have continued to rise despite a lot of negative sentiment in the market and we re expecting sales to remain strong in December," data manager Charles Lester told Reuters.
After years of accelerating growth, some automakers fear that electric car sales in Europe and elsewhere could be heading for slowing demand as drivers wait for better, cheaper models that are two to three years down the road.
BYD more than doubled Tesla’s China sales in October as Tesla’s sales slipped on a month-over-month basis, while new energy vehicle (NEV) startups showed . READ MORE