💨 Abstract

Global electric and plug-in hybrid vehicle sales in January increased 18% year-on-year, with growth in Europe and the United States outpacing China for the first time since last February. This was due to new CO2 emission targets in the EU and a decrease in sales during the Chinese New Year. China extended its auto trade-in subsidies to 2025 to boost EV sales, while Europe launched new consultations on CO2 emission targets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖