automotive sector

hybrid car

For The First Time Since 2015, More Electric Vehicles Were Sold In Europe In July Than In China

Santander Corporate & Investment | Global sales of electric cars and plug-in hybrid electric vehicles increased 72% annually and 5% monthly to 253,000 units in July (the 4th best monthly figure in history). Europe recorded remarkable growth (199% in yearly terms and 22% monthly), due to incentives and requirements to cut average emissions in the EU. Meanwhile there was a slight recovery in China (+44% on a yoy basis, but -5% monthly). Germany, France and the UK made the largest contributions to sales growth.