Global electric vehicle sales return to growth in October
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Global electric vehicle sales returned to growth in October, according to data from Benchmark Mineral Intelligence.
- ✓The rise reflects a low US comparison base and steady growth in Europe.
- ✓Charles Lester said, "that has then in turn resulted in a lot of OEMs pushing the exports and contributing significantly."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Nov 12 (Reuters) - Global demand for electrified cars returned to growth in October, reflecting a very low US comparison base coupled with continued growth in Europe, data from UK-based research firm Benchmark Mineral Intelligence showed on Thursday.
"Even though the Chinese market is down domestically, that has then in turn resulted in a lot of OEMs pushing the exports and contributing significantly to the rest of the world," Benchmark data manager Charles Lester told Reuters.
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Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Mathias is a French news reporter based in Gdańsk, Poland. He covers financial and corporate news for the French and Benelux markets. Prior to this, he worked in France, reporting on local news focusing on social, economic and political topics.
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