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Date: October 16, 2024
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By Mobility Portal
World

Global EV sales increase by 30.5%: China surpasses figures while Europe rebuilds

EVs sold worldwide reached 1.69 million in September. Chinese carmakers are seeking to grow their sales in the EU despite import duties of up to 45% and amid cooling global demand for electric cars.
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Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.

Gains in the U.S. market have been slow and steady in anticipation of the Nov. 5 election, which makes it difficult to predict future trends in the country, data manager Charles Lester told Reuters.

Chinese carmakers are seeking to grow their sales in the European Union despite import duties of up to 45% and amid cooling global demand for electric cars.

EVs – whether fully electric (BEV) or plug-in hybrids (PHEVs) – sold worldwide reached 1.69 million in September, Rho Motion data showed.

Sales in China jumped 47.9% in September and reached 1.12 million vehicles, while in the United States and Canada they were up 4.3% to 0.15 million.

In Europe, EV sales rose 4.2% to 0.3 million units, thanks to a 24% jump in the United Kingdom and gains in Italy, Germany and Denmark, Lester said.


In the Chinese market, the penetration rate of BEV and PHEV is growing faster than some expected and sales “could be a record every month until the end of the year”, Lester said.

He added that Germany’s 7% year-on-year growth was “definitely positive news”, and that intermediate carbon emission reduction goals set in the EU for next year will test the bloc’s market.

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