Europe's EV Sales Surge Is Leaving The U.S. In The Dust

"In the first quarter, no fewer than 723,704 new EVs were registered in the European Union, the United Kingdom, and the countries of the European Free Trade Association, marking a healthy 26.2% increase year over year."

"Americans bought 216,339 EVs from January through March, according to Cox Automotive, which is 27% lower than last year and more than three times lower than in Europe."

"EVs accounted for 20.6% of the entire new car market in Europe, while in the U.S., they accounted for only 5.8% of total new-car sales in Q1."

"Along with plug-in hybrids and traditional hybrids, electric cars are now keeping Europe's car industry from going in the red, while sales of regular gas and diesel cars continue to decline."

In the first quarter, Europe registered 723,704 new electric vehicles (EVs), marking a 26.2% year-over-year increase. This surge contrasts sharply with the U.S., where only 216,339 EVs were sold, a 27% decline from the previous year. EVs now represent 20.6% of the new car market in Europe, while in the U.S., they account for just 5.8%. The growth in Europe is supported by ongoing incentives, unlike the U.S., where the discontinuation of the federal tax credit has impacted sales. Hybrid and plug-in hybrid vehicles also saw significant increases in sales.

Read at insideevs.com