Global EV Growth Slows as U.S. Demand Falls and China’s Market Levels Off

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Global electric vehicle sales slowed in November due to a decline in US demand and a flat month in China, while European sales continued to grow driven by government incentives.

Market Impact

Market impact analysis based on bearish sentiment with 72% confidence.

Sentiment
Bearish
AI Confidence
72%

Article Context

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An almost flat month for electric vehicle sales in China drove a slowdown in global sales of the vehicles in November, with the United States booking a decline after the federal government phased out subsidies. In Europe, by contrast, EV sales continued growing thanks to the local governments’ unwavering support for transport electrification as expressed by robust financial incentives, Reuters reported, citing the latest car sales figures from transition advocacy and consultancy Benchmark Mineral Intelligence. European battery electric—and…

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Original article published by OilPrice.com on December 12, 2025.
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