Global EV demand rises again as Europe offsets China, U.S. weakness

Global EV demand rose for the fourth straight month in June, with growth driven by stronger Europe performance. The data also noted offsetting weakness in China and North America as sales softened. Overall, the trend is mildly positive for the EV complex, though regional divergence may limit broad-based upside.

Analysis

Global EV demand rose for the fourth straight month in June, with growth driven by stronger Europe performance. The data also noted offsetting weakness in China and North America as sales softened. Overall, the trend is mildly positive for the EV complex, though regional divergence may limit broad-based upside.