Europe sets pace in electric vehicle sales
Global electric vehicle sales rose six per cent to 1.6 million units in April, driven by strong growth in Europe.
Year-to-date, electric vehicle sales have risen to 5.6 million.
However, according to figures from Benchmark Mineral Intelligence, electric vehicle uptake varies significantly between markets with European sales up 26% to more than 400,000 units in the first four months of the year while sales in China and North America have fallen 17% and 25% respectively.
Benchmark Mineral Intelligence data manager Charles Lester said: “Europe remains the main engine of growth, with sales up 26% year-to-date and April volumes exceeding 400,000 units. Demand continues to be supported by policy incentives, rising petrol prices, and growing Chinese OEM presence.
“China’s market remains under pressure, with sales down 17% year-to-date. While exports are accelerating rapidly, domestic demand, particularly in smaller vehicle segments, continues to be impacted by subsidy changes. North America is still lagging, with sales down 25% year-to-date, although Mexico is seeing stronger growth driven by Chinese imports.
“Overall, the market is entering a more complex phase, with regional divergence, export growth, and shifting competitive dynamics shaping global trends.”
