China Record Drives World EV Sales Up 24% in May

Global sales of electric vehicles and hybrids rose by 24% in May to 1.6 million as China recorded sales of one million vehicles over the month at home and abroad. The data comes from Rho Motion, which said that the May sales figures also represented a more modest monthly increase of 8%. Over the first five months of the year, global EV sales topped 7 million with China seeing sales of 4.4 million over the period. Chinese sales were supported by the authorities extending the vehicle trade-in policy scheme into 2025 to boost consumer consumption…