The data indicates that global registrations of battery electric vehicles and plug-in hybrid electric vehicles (collectively referred to here as EVs) increased by 2% in the first half of the year compared to the same period last year. In June, global EV registrations reached 2 million units, a year-on-year increase of 7%. Regionally, European EV registrations surged 31% year-on-year to approximately 530,000 units, whereas North American registrations fell by 13% due to the expiration of US tax credits for EVs.

The firm attributes the continued expansion of the global EV market to the active efforts of EV manufacturers.

Some German automakers are facing operational challenges due to factors such as setbacks in the transition to electrification, the impact of US tariffs, and fierce international competition. Porsche Group’s global sales dropped 16% to 122,300 units in the first half of the year, marking the lowest level since 2020. Volkswagen Group saw its operating profit fall by approximately 54% to around €8.9 billion, the lowest figure since 2016.

Recent reports in German media suggest that Volkswagen Group plans to cut 100,000 jobs, close four domestic plants, and undergo restructuring. On the 9th, the group's supervisory board discussed a comprehensive restructuring and transformation plan proposed by management but did not reach a decision regarding large-scale layoffs or plant closures.