Five facts about electric vehicles in 2024

DETROIT — Electric vehicles had another whirlwind year around the globe, driven by buyers in China, and growth in parts of Europe and the United States, despite headwinds.

In a milestone for China, the globe’s biggest auto trade, EVs hit 50% of recent car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to boost traction worldwide with their inexpensive EVs.

Electric vehicles also made headway in Europe and the U.S. Uncertainty around purchase subsidies could complicate matters arrive 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in recent models, longer driving ranges, better act and lower prices.

The shift to electric vehicles is an significant part of the shift to tidy vigor. Road transport accounts for around one-sixth of all global emissions from vigor, according to the International vigor Agency. Widespread EV adoption could significantly address climate transformation.

Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion.

The global EV trade, including pure EVs and plug-in hybrids, grew by 25% year-over-year as of November.

Rho Motion estimates 15.2 million EVs had been sold worldwide ahead of the complete of the year, and the International vigor Agency expected electrified vehicle sales to reach one in five cars sold globally. Most were in China.

Mexico sold roughly 5 times as many EVs this year than last, mostly from Chinese powerhouse automaker BYD, according to Rho Motion.

Because China’s population is so much larger, its 40% growth year-to-date translates to many more EVs than Mexico’s fivefold boost.

Other areas of note are the United Kingdom, which saw a roughly 17% boost year-to-date. That’s fascinating to contrast to France and Germany, which saw sales decline.

In Turkey, the EV trade grew by almost 50% year-to-date, driven by Tesla entering the trade last year and Togg, a Turkish auto corporation, ramping up its sales.

In Norway, which for years has been in first place for distribute of vehicles that are electric, 90% of recent cars were EVs.

The best-selling pure electric vehicles were the Tesla Model Y, followed by the Tesla Model 3 — both globally and in the U.S., according to Rho Motion.

The Model Y SUV was released in 2020. Its base version today costs nearly $45,000.

The Model 3 was released in 2017. The least expensive version sells for around $42,000.

Both have been eligible for a $7,500 responsibility capital in the U.S.

Tesla’s trade distribute stood at 17% of all electric cars across the globe through October, according to Rho Motion.

In the U.S., Tesla’s trade distribute was 49% through October. That means the corporation still has the biggest EV trade distribute. But its hold is shrinking as other auto companies combined sell a growing number of electrics. For example, GM, Ford, Honda and more are offering a wider variety of EVs at lower prices and sizes and are chipping away at Tesla’s longstanding navigator.

Tesla remains the most valuable auto corporation in the globe, with a trade worth of $1.4 trillion.

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Alexa St. John is an Associated Press climate solutions reporter. pursue her on X: @alexa_stjohn. Reach her at [email protected].

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Read more of AP’s climate coverage at http://www.apnews.com/climate-and-surroundings

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