The most recent development in the electric vehicle (EV) sector highlights a global slowdown in EV sales, primarily driven by policy changes in China and the United States. According to data from Benchmark Mineral Intelligence (BMI), global EV registrations fell by 3% in January, totaling nearly 1.2 million units. This decline was marked by a 20% drop in China, the lowest in almost two years, and a 33% decrease in North America, where the U.S. recorded its fewest EV sales since early 2022. In contrast, Europe saw a 24% increase in sales, albeit at the slowest growth rate since last February, while other regions experienced a 92% surge, driven by incentives in Thailand and growth in South Korea and Brazil. Charles Lester, BMI's data manager, noted, 'We’ve seen a growing number of exports reported from China for the EV market,' suggesting a strategic shift towards international markets, particularly Southeast Asia. (Source: Profit by Pakistan Today)