Global electric car sales growth cools down in August.

China – (Special Correspondent / Web Desk) – Global sales of electric and plug-in hybrid cars are slowing down. In August, they grew by 15% compared to last year. This is the smallest increase seen since the start of the year.

The slowdown was most noticeable in China, the world’s largest car market. Sales growth there cooled to just 6% in August. This is a change from earlier in the year when growth was much stronger. However, experts still expect a strong finish to the year for China as new government support becomes available.

This slowdown in China is important because it makes up more than half of all global electric vehicle sales. Even the biggest electric car company, BYD, recently lowered its sales targets for 2025.

But it’s not all bad news. While the giant slows, smaller Chinese car companies like Geely, Xpeng, and Nio actually had their best sales month ever. This shows that competition for customers in China is getting fiercer.

Thankfully, growth in other parts of the world helped balance out China’s slowdown. In the United States, demand jumped as buyers rushed to use tax credits before they expired. In Europe, sales were boosted by government plans to cut pollution.

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Looking at the numbers, people bought 1.7 million electric cars worldwide in August. Of those, 1.1 million were sold in China. European sales grew a strong 48%, while North American sales climbed 13%.

An expert on the data said the US is expecting record sales, but a big drop is likely to follow. He also noted that while BYD is still the leader, it is now feeling real pressure from other car brands.