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Manila Times Business

Global EV registrations rise 3% globally in May, BMI data shows

GLOBAL demand for electric vehicles (EVs) rose for a third straight month in May, as subsidies and high petrol prices continued to drive the transition away from combustion-engine cars, data from consultancy Benchmark Mineral Intelligence showed on Wednesday. Registrations of new battery-electric vehicles and plug-in hybrid electric vehicles rose 3 percent from a year earlier to around 1.8 million in May, a proxy for sales, pushing the total 0.9 percent higher than last year for the first five m

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Source: manilatimes.net

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