Mexican Media Brands
Report: Global EV Sales Fell 14% in July
Worldwide deliveries of electric passenger vehicles reportedly plunged 14% to 128,000 units in July, marking the first drop in several years.
#hybrid
Share
Worldwide deliveries of electric passenger vehicles plunged 14% to 128,000 units in July, marking the first year-on-year drop in several years, says researcher Sanford C. Bernstein & Co.
The analysis blames the sharp decline, which reversed a 45% year-on-year gain in June, on sagging sales in China and the U.S., Bloomberg News reports.
China’s central government began reducing sales incentives on so-called new-energy vehicles at the end of June. Similar incentives in the U.S. are slowly phasing out for the market’s largest EV sellers: Tesla and General Motors.
Tesla, with about 20,000 worldwide EV sales in July, led the market, followed by China’s BYD Co. with 16,000 units.
Bernstein remains bullish about the long-term prospects of the EV market. Global sales of electrics through the first seven months of 2019 climbed 35%. The firm predicts that full-year sales will expand by 23%-48% to 2.4 million-2.9 million vehicles.
RELATED CONTENT
-
Rage Against the Machine
There have been more than 20 reported attacks against Waymo’s self-driving fleet in Chandler, Ariz., since the company began testing the technology on public roads there two years ago.
-
Kroger Tests Self-Driving Grocery Delivery Service
The Kroger Co. and Silicon Valley startup Nuro launched a pilot program for autonomous grocery delivery this week in Scottsdale, Ariz.
-
Apple Reports its First Fender-Bender with Autonomous Car
Apple Inc. reports that one of its self-driving cars operating in autonomous mode was struck by another vehicle while inching into freeway traffic in California.
