The global automotive landscape is in the midst of a historic transformation, with electric vehicles (EVs) at the forefront. As nations worldwide commit to ambitious climate goals and technological innovation, the EV market is experiencing explosive growth. While total sales continue to climb, a closer look at the market share by country reveals a diverse and competitive landscape, with different regions leading in various aspects of the EV revolution.
The Undisputed Leader: China’s Dominance
When it comes to sheer volume and market share, China is the undisputed global leader. The country’s electric vehicle market is a colossus, with EV sales reaching unprecedented levels. In 2024, China’s EV sales accounted for nearly two-thirds of the global total, with electric cars making up almost 50% of all new car sales in the country. This remarkable growth is driven by a combination of strong government policies, including generous subsidies and a credit system …
View More The Global EV Race: A Country-by-Country Breakdown of Market Share