Data reveals that the year - on - year sales growth rate of global electric vehicles (encompassing both pure electric and plug - in hybrid models) in November slumped to its lowest level since February 2024. This decline was primarily influenced by two key factors: the slowdown in growth within the Chinese market and the expiration of the U.S. electric vehicle tax credit policy. During this month, the number of electric vehicle registrations rose by 6% year - on - year, reaching close to 2 million units.
