Growth in global EV market may slow this year on lower subsidies: report

Growth in global EV market may slow this year on lower subsidies: report

FILE PHOTO: An electric station sign is seen on a Belib electric vehicle charger in Paris, France, October 18, 2023. REUTERS/Sarah Meyssonnier/File Photo

Growth in the global electric-vehicle market is set to slow to 27.1% this year as a reduction in state subsidies makes the cars less appealing to buyers, according to research firm Canalys.