Global EV Sales Power Down, Exports Indicate a Tesla-Led Recovery — Panjiva


Global EV Sales Power Down, Exports Indicate a Tesla-Led Recovery

China 1971 Cons. Discr. - Autos 724 U.S. 3637

Global plug-in electric vehicle sales fell 0.5% year over year in July, according to S&P Global Platts data, reversing a 27.6% surge in the 2Q due to a drop in sales in both the U.S. and China. U.S. electric vehicle makers, led by Tesla, may be expecting an improvement in Chinese sales one year on from the start of tariffs under the U.S.-China trade war. U.S. exports to China having climbed 18.8% year over year in the three months to Jul. 31 including a 484% jump in July alone. Tesla’s new purchase sales tax break in China may help absorb the extra exports.

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