Auto & Heavy Industry Outlook

Global EV Sales Divergence Amid Policy Shifts

Global EV Sales Divergence Amid Policy Shifts

In July, EV sales diverged sharply: Europe up 33% on subsidies, China down 5% as hybrid tax breaks end, US down 27% post-Clean Vehicle Credit, while rest-of-world nearly doubled. Highlights policy-driven market fragmentation.

Sources (2)
Updated Aug 14, 2026