auto dealer in black and red logo
MenuMENU
SearchSEARCH

China Sells 1M EVs in a Month

New record contrasts with Europe’s dip year to date; U.S. sales ‘healthy.’

September 13, 2024
China Sells 1M EVs in a Month

The researcher says the 2022 Inflation Reduction Act, which promotes domestic and clean energy, including tax breaks for EV purchases, has helped increase U.S. EV sales.

Credit:

Pexels/Kindel Media

2 min to read


China reached an automotive milestone in August, selling more than a million electric vehicles for the month, according to research provider Rho Motion.

The deliveries high point surpassed China’s previous record, set in December, by 70,000 units, the EV- and renewable energy-focused company said.

Headed in the other direction so far in 2024, Europe is down 4% year-over-year through August in what Rho Motion said is the first EV sales shrinkage in any region. It cited a series of EV subsidy reductions and trade barriers as the reasons for the drop.

China, meanwhile, is up 33% year to date, according to Rho Motion, while the U.S. and Canada are up 9%, and worldwide sales are up 20%.

“We anticipate this milestone to be reached multiple times before the end of the year as sales typically surge in the latter half of the year,” said Rho Motion Data Manager Charles Lester. “Meanwhile, continued subsidy cuts and trade barriers in Europe are having a negative impact on sales.”

He added that in the U.S., the fall presidential election could have a “major impact” on stateside EV sales. The growing segment has become a political issue in some circles here, and many domestic automakers and those abroad are shifting toward more hybrid production.

The 2022 Inflation Reduction Act, which promotes domestic and clean energy, including tax breaks for EV purchases and leases, has helped increase EV sales here, said Rho Motion Automotive Lead Will Roberts.

More Industry

man buckling seatbelt in car with gray interior
Awardsby Lauren LawrenceSeptember 3, 2026

Two New Rides Earn Safety Awards

Thanks to vehicle redesigns, two more vehicles have earned IIHS’ Top Safety Pick+ award that builds on the criteria of the lower Top Safety Pick award.

Read More →
Photo of phone on a surface next to a window
IndustrySeptember 1, 2026

How A Simple Phone Call Can Cause a Dealership Data Breach

Despite the sophisticated techniques fraudsters often employ today to gain access to dealerships’ valuable information, they sometimes use a somewhat old-fashioned approach.

Read More →
front of car dealership Acura of Rio Grande
Industryby Lauren LawrenceAugust 28, 2026

Texas Rooftop Gets New Owner, Name

Family-owned Lumos Auto Group acquired Acura of the Rio Grande Valley from Bill Bird and will operate the dealership as Lumos Acura.

Read More →
Ad Loading...
Businessman in a suit speaking on stage at an event with '2026 CEO Investor Day' displayed in background
Industryby Hannah MitchellAugust 28, 2026

Hyundai Feeling Electric

As the automaker looks to the balance of the decade, it plans to significantly boost its electrified powertrain lineup, including more hybrids and its first extended-range EVs.

Read More →
Auto Dealer Today, Dealer Debrief, 08/26/2026 with Lauren Lawrence
Industryby Lauren LawrenceAugust 26, 2026

Dealer Debrief: Luxury Brands are Losing Ground

The quality gap between luxury and mass-market auto brands is narrowing. Today, Lauren is discussing why.

Read More →
Red Honda Civic hybrid sedan on two lane road with green hills in background
Industryby Hannah MitchellAugust 21, 2026

August Auto Sales a Mixed Bag

An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.

Read More →
Ad Loading...
Six men standing in front of a Ford dealership.
Industryby Hannah MitchellAugust 14, 2026

Longtime Ford Store Changes Hands

The Virginia dealership joins a small area automotive group in a one-dealership transaction, moving from one family franchisee to another.

Read More →
car in background with hand giving a thumbs up in front
Industryby Lauren LawrenceAugust 14, 2026

Auto Loan Delinquency Rates Stabilize

Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.

Read More →
Arm of mechanice reaching for car with hood open
Industryby StaffAugust 13, 2026

ASE Seeks Accurate Technician Pay, Benefits Data

New free membership trial removes cost barrier for dealerships and shops willing to contribute anonymous information to the industry data exchange.

Read More →
Ad Loading...
Photo of Dodge Durango moving down a road in sunlight
Industryby Hannah MitchellAugust 7, 2026

No Longer Worth the Price?

Mass-market auto brands are gaining ground on luxury competitors with what used to be premium features, helped along by the pressure of high vehicle prices dogging budget-conscious shoppers.

Read More →