12:21 - 15.11.2023

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November 15, Fineko/abc.az. Over Jan-Sept 2023, global sales of electric vehicles grew by 34% compared with the same term of 2022, ABC.AZ reports, referring to research company Rho Motion.

Company's analysts note that China made significant contribution to the global growth in electric vehicle sales, where sales increased by 29% in 9 months.

It is noteworthy that growth continues even after completion in December 2022 of the state program of subsidizing the market, launched back in 2010.

Rho Motion expects sales growth to continue until the end of the year.

As for the European electric vehicle market, Rho Motion reports a 26% increase in sales since the beginning of the year. However, the European market is still quite dependent on government support measures for electric vehicles, particularly in Germany.