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Global EV Sales Growth: Global sales of fully electric and plug-in hybrid vehicles rose 23% in October to 1.9 million units, driven by strong demand across major markets, market research firm Rho Motion said on Wednesday.

Why is it important

Europe led regional electric vehicle growth with strong demand in Germany, France and the UK, while overall sales eased after a peak month and the European Union approved more battery projects.

China is the world's biggest car market and accounts for more than half of global EV sales, which in Rho Motion's data include battery-electric vehicles and plug-in hybrids.

The price parity between electric and ICE vehicles in China is a lot closer when compared with the European or the North Ame

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