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The global electric vehicle market reached a record high last year. According to Rho Motion, a consulting firm, electric vehicle sales in 2024 will reach 17,1 million units, up 3,5 million from 2023 million in 13,6. Some regions have seen particularly strong growth.
Basic facts
Impressive growth was recorded in China, where sales rose by 40% to 11 million vehicles. At the same time, Europe saw a 3% decline, due to a reduction in government subsidies for electric vehicles in Germany.
Despite declining sales at some major automakers, such as Tesla, the overall electric vehicle market is showing dynamic development. This confirms the growing demand for environmentally friendly transport and the decline in the popularity of cars with internal combustion engines, whose sales peaked in 2017 and have been declining since then.
Researchers say that the spread of misinformation about the electric vehicle market could negatively impact consumer sentiment and the strategies of automakers and governments. However, despite this, electric vehicle technology continues to develop: the cost of batteries is decreasing and the infrastructure of charging stations is rapidly expanding.
