Global sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month of record sales in December as China continued to grow and Europe stabilised, data showed on Tuesday.
Incentives and emission targets pushed EV sales in China and aided Britain in overtaking Germany as Europe’s biggest battery-electric market in 2024, research firm Rho Motion said.
Electric car makers look into 2025 as a transformative year as China’s sales growth slows, new emissions targets are setting off in Europe, and questions surround potential U.S. policy changes under the incoming Trump administration.
Global sales of fully electric vehicles and plug-in hybrids rose 25.6% year-on-year to 1.9 million in December, albeit slowing for a second consecutive month, the Rho Motion data showed.
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