February sales fall to 122,000, led by drop in Asian markets China sales drop on seasonal factors, subsidy cuts February global EV sales up 43% on year London — Global sales of plug-in electric vehicles fell by 21% in February month on month, led by a sharp fall in China due to seasonal factors and ahead of the government cutting subsidies for EVs in March, S&P Global Platts Analytics said in a report Monday. Global EV sales fell to 122,288 units in February, compared with 154,317 units sold in January, the figures showed, with the biggest drop seen in China – the world’s largest producer of EVs. “As anticipated in our 4Q 2018 EV Scorecard, China’s central government has announced a roll-back of their plug-in electric (PEV) purchase subsidies,” Platts Analytics said in the report. “Subsidy […]