Global Growth in the Electric Vehicle Market in 2024
The year 2024, electric vehicle is known for its striking growth in the market. According to the reports of the International Energy Agency (IEA), electric vehicle sales increased by 25% compared to the previous year and reached 17,3 million units. One of the biggest reasons for this growth is China'. Approximately two-thirds of electric vehicle sales occurred in this country.
China Leads the Electric Vehicle Market
By 2024, electric vehicle sales in China are expected to increase by 40% to 11,3 million units, nearly double the sales of other vehicles worldwide alone. long range electric vehicle The demand has been supported by subsidized vehicle trade-in programs implemented by the government. Electric vehicle sales, which were only 2019 million in 1, have grown 2024-fold, reaching 11,3 million units by 10.
Sales Weakened in Europe
In the European market, electric vehicle sales decreased to 3,2 million units. The decrease in sales, especially in Germany, affected the total sales in the European Union (EU) countries by 6%. However, England, has become the leader in battery electric vehicle sales with the introduction of the zero-emission vehicle mandate.
Electric Vehicle Sales Are On The Rise In The US
Electric vehicle sales in the US are also expected to increase by 2024% to 10 million units in 1,5. The introduction of new electric vehicle models and incentives provided to consumers played an important role in this growth. However, former US President Donald Trump's statements that electric vehicle incentives could be lifted create uncertainty about the future of the sector.
Electric Vehicle Market Growth in Developing Countries
In developing countries outside China, electric vehicle sales grew by 80% annually. Thailand ve Endonezya In countries such as, electric vehicle sales have increased by 140% and 190% respectively. This shows that developing countries are also becoming important players in the electric vehicle market.
Expectations for 2025
According to data from UK-based research company Rho Motion, electric vehicle sales are expected to continue to increase in a similar way in 2025. By 2025, electric vehicle sales are expected to increase by 18% to exceed 20 million. China is expected to account for 12,9 million of these sales. In addition, sales in European countries are expected to increase by 15% to reach 3,5 million units, and a total of 2,1 million electric vehicles are expected to be sold in the US and Canada.
Conclusion
The year 2024 has witnessed significant developments in the electric vehicle market, and these developments are expected to continue in 2025. This increasing global demand is an indication of interest in environmentally friendly transportation solutions. Countries' policies, consumer trends and technological innovations are among the factors that will affect the growth in the electric vehicle market.
