Europe EV Sales Jump While U.S. Demand Falls
EU EV sales rose 40.5% in the first half to more than 1.2 million cars. July EV registrations rose 13% year-on-year.
What happened
EU EV sales rose 40.5% in the first half to more than 1.2 million cars. July EV registrations rose 13% year-on-year.
Why it matters
High oil prices, subsidies and more affordable models are supporting European EV demand. Cox projects U.S. EV sales down 23% this year, with market share at just 6.2%.
What to watch
Watch next: charging capacity, fuel prices, subsidies, affordable EV model supply, and EV market share.
Transcript
EU EV sales rose 40.5% in the first half to more than 1.2 million cars. July EV registrations rose 13% year-on-year. High oil prices, subsidies and more affordable models are supporting European EV demand. Cox projects U.S. EV sales down 23% this year, with market share at just 6.2%. Watch next: charging capacity, fuel prices, subsidies, affordable EV model supply, and EV market share. FreshInsight delivers source-grounded finance briefs for market professionals. Source: Reuters Not financial advice. For information and education only.
Primary sources
Reuters
Distribution
YouTube / kb9Fw3ItF5E
Topics
finance, freshinsight, equities, falls, jump, demand, sales, europe, finance-shorts, finance-news, affordable-ev-model-supply, automakers, charging-capacity, europe-ev-market, ev-market-share, fuel-prices, subsidies, while
Disclaimer
Information and education only. Not financial advice.