Global EV sales hit record high

Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday, reports Reuters.
China continued to lead sales growth, accounting for almost 70% of total EV sales in the month, while registrations in Europe showed a marginal decline.
The electric car market is undergoing critical transformation as incremental demand and production in China threaten EV markets elsewhere. Europe, for instance, is struggling to contend with production costs, new emissions targets and the rising competition.
Global sales of EVs - whether fully electric or plug-in hybrids - were up 32.3% at 1.83 million in November, Rho Motion data showed.