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Global electric vehicle sales up 25% in record 2024

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. electric-vehicle-sales-up-25-in-record-2024.html
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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
  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,

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Global electric vehicle (EV) sales are projected to increase by 25% in 2024, reaching a record high, according to a report by Rho Motion. This growth comes despite challenges such as high interest rates and economic uncertainty. The report highlights that while the pace of growth has slowed from previous years, the EV market continues to expand, with sales expected to hit 17.5 million units in 2024. Key markets like China, Europe, and the U.S. are driving this growth, with China leading due to strong government support and an extensive charging infrastructure. However, the report also notes that the industry faces hurdles including price competition, supply chain issues, and the need for further development in charging infrastructure to support the increasing number of EVs.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/global-electric-vehicle-sales-up-25-record-2024-2025-01-14/ ]