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Global EV Sales Growth Slows as Chinese Surge Cools
Global electric vehicle sales grew by 15% in August from a year earlier, slower than the 27% growth rate in January-July, as EV sales in the biggest market, China, increased by only 6%, data from EV research firm Rho Motion showed on Friday. China continues to be the world’s biggest EV market, but sales growth cooled to 6% in August compared to a year earlier, when the Chinese sales surged with the introduction of the trade-in scheme. Total global EV sales in August reached 1.7 million units, including 1.16 million Battery…