T-info
T-discovery
My
Tendata
Market Analysis
Customer
Development
Competitor
Monitoring
Customer Relationship
Trade Trends News
15-10-2024
On October 15, market research firm Rho Motion reported that global sales of all-electric and plug-in hybrid vehicles grew by 30.5% year-on-year in September. China exceeded the all-time high set in August, while Europe saw a recovery in sales.
Data Manager Charles Lester noted that U.S. stock markets have been rising slowly but steadily in anticipation of the November 5 elections, making it difficult to predict future trends in the U.S.
Despite import tariffs as high as 45% and a cooling demand for electric vehicles worldwide, Chinese automakers are still seeking to expand sales in the European Union. On October 14, Chinese and European automakers competed fiercely at the Paris Motor Show.
According to Rho Motion, global electric vehicle sales in September, including both battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), reached 1.69 million units.
In September, China’s vehicle sales surged 47.9% to 1.12 million units, while sales in the U.S. and Canada increased by 4.3% to 150,000 units.
Lester stated that in Europe, electric vehicle sales rose by 4.2% to 300,000 units, driven by a 24% increase in the UK, as well as growth in Italy, Germany, and Denmark.
Lester further mentioned that in the Chinese market, the adoption rate of BEVs and PHEVs is growing faster than expected, saying, "Monthly sales could hit new records by the end of this year."
He added that Germany's 7% year-on-year growth is "definitely good news," but the EU’s mid-term carbon reduction targets set for next year will test the European market.
William Roberts, Head of Automotive Research at Rho Motion, projected that electric vehicle sales in Europe will reach 3.78 million units by 2025 and 9.78 million units by 2030, down 24% and 19% from previous forecasts, respectively.
Earlier this month, France announced a plan to reduce support for electric vehicle buyers, while Germany agreed in September to offer tax breaks for businesses on electric vehicle purchases, following the end of its subsidy program last year aimed at accelerating the green transition.
How Shanghai Tendata Empowers Growth with Import and Export Data？
Tendata iTrader is a versatile foreign trade application tool and a great asset for professionals in the international trade industry.
(1) Real-time Access to Comprehensive Global Data: Tendata iTrader offers real-time access to customs data from 93 countries, customs code inquiries, and an extensive collection of foreign trade supply chain data, import export statistics, and international company data. Companies can freely select the foreign trade databases corresponding to their trade regions and use nine different search methods to tailor their data queries based on single or multiple criteria. The search results can generate 19 types of market reports, and users can perform online comparative analyses as well. (>>> Click to Use the Data Online for Free)
(2) Detailed Transaction Records from 100 Countries: Tendata's data system automatically integrates millions of accurate buyer information, detailed transaction data from 93 countries, and competitor details. It intelligently generates various data analysis reports, empowering companies to analyze competitors, maintain relationships with new and existing customers, and stay up-to-date with real-time international trade information. How is Shanghai Tendata performing?(>>> Click for Free Demo)
(3) Internet Search of Email Addresses in 153 Countries: With Tendata's proprietary web crawling technology, companies can access and validate email addresses in 153 countries, making mass email campaigns worry-free. Potential customers are automatically categorized by level, allowing users to find decision-makers within a minute. Choose from various email templates with unlimited sending capabilities. Tendata's data effectiveness is quite impressive. (>>> Click for More Details)
Category
Leave Message for Demo Request or Questions
