Electric vehicle (EV) sales reached an all-time high in 2024, with 17.1 million units sold globally, according to data released by EV research house Rho Motion.
December alone saw more than 1.9 million EVs sold, marking a 5% increase over the previous month and setting a fourth consecutive monthly sales record. Overall, global EV sales surged by 25% in 2024 compared to the previous year.
While the global market experienced unprecedented growth, regional trends varied significantly. Europe saw a 3% decline in EV sales as stricter emissions standards are set to take effect in 2025. In contrast, sales in the United States and Canada rose by 9%, supported by government tax credits. China led the charge, recording 40% growth and accounting for the majority of global EV sales in 2024.
Global EV sales snapshot:
- Worldwide: 17.1 million (+25%)
- China: 11 million (+40%)
- EU, European Free Trade Association (EFTA), and UK: 3 million (-3%)
- US and Canada: 1.8 million (+9%)
- Rest of the World: 1.3 million (+27%)
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