The Chinese market accounts for over 70% of global EV sales year-to-date in 2024, while North America’s sales have grown by 10%
November 2024 was the strongest month ever for global EV sales, with 1.8 million units. EV sales are up 25% year-to-date in 2024, with 1.3 of the 1.8 million units coming from China . Europe is down 3%, while the US and Canada are up 10% in year-to-date EV sales figures. While automakers navigate shifting electrification strategies, the global electric vehicle market continues to grow steadily. November 2024 set yet another sales record, with 1.
2 million EVs sold between January and November 2024 represents a 25 percent increase compared to the same period last year. Breaking this down, China was followed by the European Union, EFTA and the UK at 2.7 million , the US and Canada at 1.6 million , and the rest of the world contributing 1.1 million . Regional Gains and Setbacks In Europe, major markets like Germany, France, and Italy are experiencing a slowdown, with year-to-date sales shrinking by 3 percent.
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