Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China, market research firm Rho Motion said on Wednesday.

Sales of fully-electric cars, or battery electric vehicles (BEVs), and plug-in hybrids hit 1.1 million in January, up from 660,000 in January 2023.

Rho Motion data manager Charles Lester told Reuters that EV sales in Germany and France fell around 50% in January versus December after Germany scrapped its subsidies and France tightened requirements for its subsidies.

Global EV Sales Up 69% y/y in Jan, Down 26% vs Dec | Devamı>>>