In 2024, global electric car (EV) sales are projected to reach around 17 million units, marking a significant 25% growth compared to the previous year. Here's a breakdown of sales statistics by region:
United States and Canada
United States: EVs account for about 11% of new car sales, equivalent to roughly 1.4 million units. Key players include Tesla, which dominates the market with models like the Tesla Model Y and Model 3 leading sales. Other popular models include the Ford Mustang Mach-E, Chevrolet Bolt, and Rivian R1T.
Canada: EV adoption is lower than the U.S., with EVs making up an estimated 8% of new car sales in 2024. Tesla also leads here, along with models from Hyundai and Kia.
Europe
EVs represent about 25% of new car sales across Europe, with total units exceeding 3.5 million. Germany, France, and the UK are the largest markets. Popular models include the Volkswagen ID.4, Tesla Model Y, and Renault Megane E-Tech. European automakers like Volkswagen, BMW, and Mercedes-Benz are key players.
China
China remains the largest EV market globally, with an estimated 10 million units sold, accounting for 45% of new car sales in the country. Dominant brands include BYD and Tesla. Models like the BYD Song, Tesla Model Y, and BYD Dolphin are best-sellers. China’s EV industry is also supported by a robust domestic manufacturing ecosystem.
Rest of the World
In emerging markets, such as Vietnam and Thailand, EVs have gained traction, making up 15% and 10% of new car sales, respectively. Growth in these regions is attributed to affordable local models and increasing government incentives.
Key Brands and Models
Tesla: Tesla remains a global leader with the Model Y being the best-selling EV worldwide.
BYD: In China, BYD leads with popular models such as the Song and Dolphin.
Volkswagen Group: Strong presence in Europe with models like the ID.3 and ID.4.
Hyundai-Kia: Notable for models such as the Ioniq 5 and Kia EV6 across multiple markets.
These figures underscore the rapid expansion of EV adoption globally, driven by supportive policies, declining EV costs, and improving battery technologies.
United States and Canada
United States: EVs account for about 11% of new car sales, equivalent to roughly 1.4 million units. Key players include Tesla, which dominates the market with models like the Tesla Model Y and Model 3 leading sales. Other popular models include the Ford Mustang Mach-E, Chevrolet Bolt, and Rivian R1T.
Canada: EV adoption is lower than the U.S., with EVs making up an estimated 8% of new car sales in 2024. Tesla also leads here, along with models from Hyundai and Kia.
Europe
EVs represent about 25% of new car sales across Europe, with total units exceeding 3.5 million. Germany, France, and the UK are the largest markets. Popular models include the Volkswagen ID.4, Tesla Model Y, and Renault Megane E-Tech. European automakers like Volkswagen, BMW, and Mercedes-Benz are key players.
China
China remains the largest EV market globally, with an estimated 10 million units sold, accounting for 45% of new car sales in the country. Dominant brands include BYD and Tesla. Models like the BYD Song, Tesla Model Y, and BYD Dolphin are best-sellers. China’s EV industry is also supported by a robust domestic manufacturing ecosystem.
Rest of the World
In emerging markets, such as Vietnam and Thailand, EVs have gained traction, making up 15% and 10% of new car sales, respectively. Growth in these regions is attributed to affordable local models and increasing government incentives.
Key Brands and Models
Tesla: Tesla remains a global leader with the Model Y being the best-selling EV worldwide.
BYD: In China, BYD leads with popular models such as the Song and Dolphin.
Volkswagen Group: Strong presence in Europe with models like the ID.3 and ID.4.
Hyundai-Kia: Notable for models such as the Ioniq 5 and Kia EV6 across multiple markets.
These figures underscore the rapid expansion of EV adoption globally, driven by supportive policies, declining EV costs, and improving battery technologies.