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ENERGY: Global EV Sales to Rise 20% YoY in 2024

ENERGY
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Global electric vehicle (EV) sales are forecast to rise by 20% year on year to 16.7 million in 2024 according to BNEF.

  • Global EV sales rose by 12% on the year to 4 million in 2Q 2024, accounting for 20% of total passenger vehicle sales.
  • European EV sales last quarter stood at 780,000, broadly unchanged on the year, with 2024 sales to reach 3.2 million.
  • EV sales in China in Q2 stood at 2.6 million, up by 47% on the year, with 2024 sales to be on track to reach 10.4 million.
  • In North America, EV sales increased by 13% on the year in Q2 2024 to reach 458,000, with total 2024 sales forecast at 1.66 million. 
     
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Global electric vehicle (EV) sales are forecast to rise by 20% year on year to 16.7 million in 2024 according to BNEF.

  • Global EV sales rose by 12% on the year to 4 million in 2Q 2024, accounting for 20% of total passenger vehicle sales.
  • European EV sales last quarter stood at 780,000, broadly unchanged on the year, with 2024 sales to reach 3.2 million.
  • EV sales in China in Q2 stood at 2.6 million, up by 47% on the year, with 2024 sales to be on track to reach 10.4 million.
  • In North America, EV sales increased by 13% on the year in Q2 2024 to reach 458,000, with total 2024 sales forecast at 1.66 million.