Global electric vehicle sales witnessed a robust 29% year-on-year growth in March of this year, primarily fueled by the stellar performances of the Chinese and European markets. The Chinese market alone approached 1 million units sold, marking a 36% increase. In Europe, sales hit 400,000 units, up 24%, with Germany, Italy, and the UK leading the charge. The US and Canadian markets also recorded an uptick, with sales rising 12% to 200,000 units, showing resilience against policy-related factors. Sales in other regions collectively grew by 13%. Overall, the global appetite for electric vehicles remains robust, primarily driven by policy incentives and increasing market maturity.
