Sales of battery-electric vehicles in the United States have moseyed along for much of the year but registration data only now reported from July reveals a significant spike that allowed Tesla to snap a five-month losing streak and other brands to also report positive growth.
Data from S&P Global Mobility reveals that new EV registrations jumped 18% in the US in July. A total of 118,273 new EVs were registered in the US that month compared to 100,620 in July 2023. This led to an increase in the EV share of the light-vehicle market to 8.5%, up from 7.6% twelve months ago.
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