This Wednesday, market research firm Rho Motion released data indicating that the global sales of electric vehicles (including both pure electric and plug-in hybrid models) witnessed a 23% year-on-year increase in October of this year, totaling 1.9 million units. This surge was predominantly fueled by robust demand in markets beyond North America. Specifically, European EV sales soared by 36% year-on-year, reaching 372,700 units, whereas Chinese sales hit around 1.3 million units, constituting nearly half of the worldwide total. Conversely, North American sales experienced a sharp 41% year-on-year decline, plummeting to 100,300 units, a downturn attributed to the expiration of tax incentives.
