While the US sales experienced a slight decline, the EV sales growth was largely driven by strong demand in China, where sales jumped 28 per cent to 1.11 million vehicles. Europe also saw impressive growth, with sales increasing 23 per cent to about 390,000 units.

Global EV sales surge 24% in June, but US market faces headwinds

Mercedes-Benz, one of the leading luxury car manufacturers, is feeling the heat in the electric vehicle market. The company has reported a challenging third quarter, as heavy price cuts and supply chain issues put pressure on their earnings.

Mercedes-Benz's EV market struggles

A new report shows that EV sales between July and September crossed three hundred thousand for the first time in history. A report by Cox Automotive shows that higher inventory levels, more product availability & lower prices have helped EV sales in the US market.

Decoding the US EV market in 2023

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Global EV sales surge 24% in June, but US market faces headwinds

Mercedes-Benz's EV market struggles

Decoding the US EV market in 2023