Strategy& – Electric Vehicle Sales Review, Q3 2024

Summary

The Strategy& Electric Vehicle Sales Review for Q3 2024 provides a comprehensive analysis of global EV market trends, highlighting significant growth and regional disparities. The report reveals that electric vehicle sales in the top five European markets now account for 56% of all new vehicle registrations, with the United Kingdom leading at a 20% BEV market share. In the United States, total EV market share surpassed 20% for the first time in Q3 2024. China experienced a 33% increase in EV sales, driven by a 79% surge in PHEV sales. The study underscores the rapid adoption of EVs worldwide, influenced by government policies, consumer preferences, and advancements in technology.

Region: Global

Published: October 2024

Author(s): Strategy&

Language: English

Tech drivers: Alternative Energy

Geopolitical drivers: Economic conditions Regulatory changes Supply chains disruption

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