Global EV Sales Slip Again as China’s Market Stalls

Sales of electric vehicles globally booked another monthly decline in February, after dipping in January, mostly on the back of a marked slowdown in purchases in China. The country, which is the world’s biggest EV market, saw a sizable 32% decline in new electric car and hybrid registrations. The decline followed the phaseout of a tax incentive at the end of last year and the cancellation of funding for so-called trade-ins. As a result, new EV and hybrid registrations in February stood at less than 500,000 cars, Benchmark Mineral Intelligence…