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 →