{"id":125532,"date":"2025-01-14T22:36:10","date_gmt":"2025-01-14T22:36:10","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024"},"modified":"2025-01-21T20:15:15","modified_gmt":"2025-01-21T20:15:15","slug":"global-electric-vehicle-sales-reach-record-17-1m-in-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024","title":{"rendered":"Global electric vehicle sales reach record 17.1M in 2024"},"content":{"rendered":"

Africa-Press – Tanzania. <\/strong><\/span>Global electric vehicle (EV) sales reached a record high in 2024, totaling 17.1 million units of passenger and light-duty EVs, according to a report by Rho Motion, a leading EV research firm.<\/p>\n

Sales surged by 25% compared to the previous year, spurred by four consecutive months of exceptional sales.<\/p>\n

China dominated the global EV market, with 11 million units sold in 2024, marking a 40% year-on-year growth.<\/p>\n

Sales of plug-in hybrid electric vehicles (PHEVs) in China saw an impressive 81% increase last year, driven by growing demand for range-extender EVs and the mid-year expansion of the car trade-in scheme.<\/p>\n

BYD emerged as the leading manufacturer, capturing over one-third of China’s EV market share with more than 40 models in its portfolio.<\/p>\n

In Europe, however, sales experienced a slight decline, dropping by 3% to 3 million units in 2024.<\/p>\n

The UK led the region, surpassing Germany with more than 400,000 units sold in 2024, thanks to the Zero Emission Vehicle (ZEV) mandate.<\/p>\n

Norway continued to hold the highest EV penetration rate globally, exceeding 90% by the end of the year. In contrast, Germany faced difficulties as the removal of subsidies in early 2024 negatively impacted its sales.<\/p>\n

North America saw consistent growth, with 1.8 million units sold in the US and Canada, a 9% increase from 2023.<\/p>\n

However, the market faces uncertainty in 2025, as President-elect Donald Trump has suggested plans to reduce vehicle tax credits, which are a significant driver of EV adoption, the report said.<\/p>\n

Monthly figure<\/b><\/p>\n

In December 2024, global EV sales reached over 1.9 million units, surpassing the previous month\u2019s record by 5%.<\/p>\n

China accounted for 1.3 million EVs sold, marking a 36% year-on-year increase and a 2% rise month-on-month.<\/p>\n

In Europe, 300,000 EVs were sold in December, reflecting a 12% monthly increase and a 1% rise year-on-year, while the US and Canada saw a record-high 185,000 units sold.<\/p>\n

Charles Lester, data manager at Rho Motion, credited the global surge in EV sales to government incentives and mandates.<\/p>\n

While subsidies and trade-in schemes helped drive growth in markets like China and North America, Europe faced challenges due to reduced incentives, he explained.<\/p>\n

For More News And Analysis About Tanzania<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Tanzania. Global electric vehicle (EV) sales reached a record high in 2024, totaling 17.1 million units of passenger and light-duty EVs, according to a report by Rho Motion, a leading EV research firm. Sales surged by 25% compared to the previous year, spurred by four consecutive months of exceptional sales. China dominated the […]<\/p>\n","protected":false},"author":84,"featured_media":125531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[8095,13669,13668,711],"class_list":["post-125532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-electric-vehicle","tag-ev-sales","tag-rho-motion","tag-tanzania"],"yoast_head":"\nGlobal electric vehicle sales reach record 17.1M in 2024 - Tanzania<\/title>\n<meta name=\"description\" content=\"Global electric vehicle (EV) sales reached a record high in 2024, totaling 17.1 million units of passenger and light-dut ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global electric vehicle sales reach record 17.1M in 2024\" \/>\n<meta property=\"og:description\" content=\"Global electric vehicle (EV) sales reached a record high in 2024, totaling 17.1 million units of passenger and light-dut ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-14T22:36:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-21T20:15:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/01\/sm_1736882851.501446.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global electric vehicle sales reach record 17.1M in 2024\",\"datePublished\":\"2025-01-14T22:36:10+00:00\",\"dateModified\":\"2025-01-21T20:15:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\"},\"wordCount\":348,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2025\/01\/sm_1736882851.501446.jpg\",\"keywords\":[\"Electric vehicle\",\"EV sales\",\"Rho Motion\",\"tanzania\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/all-news\/global-electric-vehicle-sales-reach-record-17-1m-in-2024\",\"name\":\"Global electric vehicle sales reach record 17.1M in 2024 - 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