Here are a few takeaways on electric vehicles in 2024: As of November, the global EV market grew by 25% year-over-year
DETROIT — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds.
In a milestone for China, the world's biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs.
Electric vehicles also made headway in Europe and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices.
The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for around one-sixth of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change.
Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion.
The global EV market, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November.
Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the end of the year, and the International Energy Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China.
Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion.
Because China's population is so much larger,
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