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Yahoo
40 minutes ago
- Yahoo
Electric vehicle sales growth eases to 21% in July, research firm says
By Alessandro Parodi (Reuters) -Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday. WHY IT'S IMPORTANT China is the world's biggest car market and accounts for more than half of global EV sales, which in Rho Motion's data include battery-electric vehicles and plug-in hybrids. Its overall car sales growth slowed in July, with BYD, the world's largest EV maker, recording its third monthly drop in registrations. The relatively muted slowdown in overall EV sales however shows other markets are taking up some of the slack, with European sales for one benefiting from incentives aimed at speeding up decarbonisation. BY THE NUMBERS Global sales of battery-electric vehicles and plug-in hybrids rose to 1.6 million units in July, Rho Motion data showed. China's EV sales growth, which averaged 36% a month in the first half, eased to 12% in July as the previously booming market was dampened by a pause in some 2025 government subsidy schemes for EV and plug-in hybrid purchases, Rho Motion data manager Charles Lester said. Chinese sales reached around one million vehicles. European sales surged 48% to about 390,000 units, while North American sales climbed 10% to more than 170,000. Sales in the rest of the world jumped 55% to more than 140,000 vehicles. KEY QUOTE "Despite regional variations, the overall trajectory for EV adoption in 2025 remains strongly upward," Lester said. WHAT'S NEXT Chinese car sales are expected to return to strong growth from August as new funds become available for its subsidy schemes, while a cut in U.S. tax credits for buying or leasing new EVs at the end of September will hurt demand there, Lester added. Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
Friday's EuroMillions jackpot estimated to hit £201m
Friday's EuroMillions lottery jackpot will reach an estimated £201 million after Tuesday's top prize went unclaimed. While no one matched the jackpot, one UK player came close – winning £680,767 for matching five numbers and one Lucky Star. The National Lottery EuroMillions winning numbers are 18, 28, 42, 46 and 48. The lucky stars are 03 and 09. No tickets matched all five numbers to take home £1,000,000 in EuroMillions Hotpicks, which uses the same numbers as the EuroMillions draw. Three players matched four numbers, winning £30,000 each. Tuesday's National Lottery Thunderball winning numbers are 21, 29, 34, 36 and 38. The Thunderball is 08. No one took home the £500,000 top prize, but one player matched five numbers to win £5,000.
Wall Street Journal
2 hours ago
- Wall Street Journal
Europe's Free-Trade Fumble
Given how aghast our European friends are at President Trump's tariffs, you'd think they'd be flexing their diplomatic muscles to expand free trade wherever else in the world they can. You've never met a French President. While the European Union was frantically negotiating a trade deal with Mr. Trump last month, the bloc more or less killed a free-trade agreement with a clutch of South American countries. The EU-Mercosur agreement, in the works for years, would expand trade between the bloc and Argentina, Brazil, Paraguay and Uruguay. Mercosur countries exported to the EU goods worth €56 billion in 2024, while EU exports to Mercosur totalled €55.2 billion, according to the European Commission.
