Global light-duty plug-in electric vehicle sales dropped 3% in December but full-year data showed a year-on-year increase of 9%, according to the latest research from S&P Global Platts Analytics. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Global PEV sales remained in positive territory — up 9% at 2.21 million sold, but China remained a bugbear. “The Chinese plug-in EV market continues to struggle after a jarring mid-year subsidy rollback, falling 18% year on year in December,” the report said. “The US also saw continued backsliding with 26% year-on-year declines across the fourth quarter of 2019.” However, there was some respite to the China tax breaks, with the country signaling it remains actively supportive of the EV industry, after announcing earlier this year that it wouldn’t yet cut subsidies completely, going against its previous messaging. Since the inception of subsidies in 2010, […]