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Global EV Demand Up as Europe Offsets China, US Weakness

July 10 (Reuters) - Global demand for electric vehicles rose ​for a fourth straight ‌month in June, driven by strong growth in Europe as sales ​weakened in China and North ​America, data from consultancy Benchmark ⁠Mineral Intelligence showed on ​Friday.

Registrations of battery-electric and plug-in hybrid ​vehicles climbed 7% from a year earlier to 2 million in June, ​while first-half volumes were ​up 2%.

• Europe EV registrations rose 31% ‌to ⁠about 530,000 units, a record for June

• BMI says Europe remains the main engine of EV ​growth

• ​China registrations ⁠fell 11% to around 1 million vehicles

• ​North America registrations fell ​13% ⁠following the end of U.S. EV tax credits

• Chinese automakers ⁠continue ​expanding overseas amid weaker ​domestic demand

Reporting by Mathias de Rozario ​in Gdansk; Editing by Matt Scuffham

Source: Reuters


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