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EV sales are surging globally — but growth in North America is lagging

  • Global EV sales surged 29% in the first four months of the year, with China and Europe leading the growth.
  • North America, however, only saw a 5% increase in EV sales during the same period.
  • China's 35% sales boost was attributed to trade-in schemes while EV sales in Europe also saw a significant rise.
  • In North America, Tesla remains the largest EV brand despite a decrease in market share from 51% to 44% over the past year.

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