Global sales of fully electric and plug-in hybrid vehicles rose 12 percent in March versus the same month in 2023, with growth in China and the US market partly offset by a 9 percent drop in Europe, market research firm Rho Motion said on Friday.
"Overall, sales growth has slowed but it's still somewhat positive," said Charles Lester, data manager at Rho Motion.
Sales demand for electric cars has cooled in recent months after rising dramatically for several years, as consumers wait for more affordable models to hit the market.
Global EV sales rose to 1.23 million units in March. Sales rose 27 percent in China and 15 percent in the US and Canada.
Rho Motion has predicted global electric car sales will rise between 25 percent and 30 percent this year. Lester said that global growth will likely now be closer to the lower end of that forecast.
