Strong Chinese demand pushes global EV sales to 20 per cent of market share

News Snapshot:

The share of electric car sales climbed to 20 per cent of all vehicles sold in 2024, according to a new report by the International Energy Agency. Sales growth was strongest in China, where 11 million EVs were sold, making up almost half of all Chinese vehicle sales. South-East Asian and Latin American markets were hot spots for sales increases over 2024, jumping by 50 per cent compared with 2023. Growth lagged in the European Union and the United States, where sales grew by 20 per cent 10 per cent respectively. "We know there are economic, trade and technology uncertainties...