Tag Archives: electric vehicles

Global EV Sales Growth Slows to 21% in July as China’s Market Cools

Global electric vehicle (EV) sales rose 21% year-over-year in July, marking the slowest growth rate since January and down from 25% in June, according to market research firm Rho Motion. The slowdown was largely driven by weaker plug-in hybrid sales in China, the world’s largest auto market and home to more than half of all global EV sales.

China’s overall car market lost momentum in July, with BYD—the world’s largest EV manufacturer—posting its third consecutive monthly decline in registrations. The drop coincided with a temporary pause in certain 2025 government subsidies for EV and plug-in hybrid purchases. Continue reading Global EV Sales Growth Slows to 21% in July as China’s Market Cools

Nepal Quietly Becomes a Global Leader in EV Adoption, Surpassing 75% Market Share

While global attention often gravitates toward electric vehicle adoption in the U.S., Europe, and China, the small Himalayan nation of Nepal has quietly staged one of the most dramatic electric transitions in the world. According to a new report from The New York Times, 76% of all new passenger vehicles and 50% of light commercial vehicles sold in Nepal over the past year were electric—a figure nearly four times the global average.

The reasons for Nepal’s rapid electrification are as surprising as they are strategic. Following a 2015 fuel crisis with India, Nepal accelerated development of its hydropower infrastructure, capitalizing on the rivers that flow from the Himalayas. Today, nearly all of the country’s electricity is clean, domestic, and renewable, giving Nepal a rare energy advantage in the region.

Paired with aggressive import tax reforms—with EVs taxed as low as 40%, compared to 180% for internal combustion engine (ICE) vehicles—EVs have become not only cleaner but also cheaper. In many cases, an electric Hyundai SUV now costs less than its gasoline equivalent. Continue reading Nepal Quietly Becomes a Global Leader in EV Adoption, Surpassing 75% Market Share