Global sales of electric vehicles put the brakes on growth

Global demand for electric vehicles fell 2 percent in September, ending a six-month streak of growth. The post Global sales of electric cars put the brakes on growth appeared first on Safir Arjan.

According to Ambassador Arjan, based on the data published on Friday by Benchmark Mineral Intelligence consulting company, record sales in Europe could not compensate for the sharp drop in North America and China.

This data shows the widening gap between the main markets for electric vehicles. Europe is benefiting from strong consumer demand and policy support, while China's domestic market remains weak and North America continues to be impacted by the end of the US federal tax credit for electric vehicles at the end of September 2025.

Global sales of electric vehicles reached 2.15 million vehicles in September, however, total sales have reached 15.5 million vehicles with a growth of 3% since the beginning of this year.

Charles Lester, director of data at Benchmark Mineral Intelligence, said: "Electric car sales in Europe reached an all-time high, increasing to nearly 600,000 vehicles in September, which is 10 percent more than the previous record set in June."

Sales in North America fell 44 percent, the steepest monthly decline this year. This decline is largely due to a comparison with the same period last year, when buyers flocked to dealerships to buy electric vehicles before the end of tax credits.

Sales of electric vehicles in China decreased by 18 percent to 1.11 million vehicles, making automakers more dependent on exports.

According to a Reuters report, Charles Lester said: Europe recorded its best monthly performance in September, and nearly 600,000 electric cars were sold in the region.

He also stated that starting from the fourth quarter, the intensity of these comparisons will be reduced by passing the reduction period after the end of tax credits.