Global EV Sales Surge and Setbacks | Business and Finance News

Electric and hybrid car sales rose 9% globally in July to 1.85 million units, but regional trends reveal a mixed picture: Europe surged 33% thanks to government incentives, China dipped 5% due to fading tax breaks, and the U.S. plummeted 27% as the federal EV credit looms over the horizon. Outside these top markets, sales nearly doubled. Chinese EV makers like Nio and Xpeng gain traction internationally, while Tesla struggles domestically — though Rivian’s pickup and delivery vehicles show promising momentum. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b935f5cb7f465fa8