InsideEVs & Cox Automotive
The March sales numbers are in, and it’s becoming clear that higher gas prices are already changing the equation for electric vehicle (EV) shoppers around the globe. But the shift isn’t playing out in the same way everywhere.
Southeast Asia and Australia are great examples. The regions have lots of Chinese EVs on offer and are highly dependent on oil coming out of the Persian Gulf.
In Europe, March was a record month for sales of both pure EVs and plug-in hybrids, according to Benchmark Mineral Intelligence. Sales of plug-in vehicles rose 72% month over month and 37% year over year, the firm said, buoyed by both new government subsidies and rising fuel prices.
In the U.S. used EV sales totaled 42,924 units in March, up 27.7% year over year and 53.9% month over month.
