Global electric car sales are soaring, with China's market leading the way!
MichaelNov 14, 2024, 04:21 PM
According to the latest data from market research firm Rho Motion, global sales of pure electric and plug-in hybrid vehicles saw a 35% year-on-year increase in October, with the Chinese market standing out, experiencing a remarkable 54% surge.
While the European market saw only a modest 0.8% increase in sales in October, it has recorded two consecutive months of year-on-year growth. Data manager Charles Lester stated that the European electric vehicle (EV) market is expected to see stronger growth before the end of the year.
However, the European automotive industry is facing multiple challenges, including high production costs, the transition to electric vehicles, and intense competition from Chinese automakers. As the largest car manufacturer in Europe, Volkswagen has announced plans to close some of its factories in Germany.
Globally, EV sales reached 1.72 million units in October, with China accounting for 1.2 million of these sales, setting a new record. The U.S. and Canadian markets also saw an 11.4% increase in EV sales, reaching 160,000 units. Although the European market showed a slight increase, it declined by 14% compared to September. Rho Motion indicated that the Chinese EV market will maintain strong growth momentum until the end of the year. Lester also noted that November and December are typically peak months for vehicle sales.
To meet the EU's carbon reduction targets, automakers may lower prices to stimulate EV sales. Meanwhile, data from the China Passenger Car Association shows that October sales of passenger vehicles in China grew by 11.2% year-on-year, with local EV brands such as BYD showing strong performance.
If any infringement occurs, please contact us for deletion
Chery Tiggo 9 is about to land in Malaysia under the name Jaecoo J8, updated real-life pictures are available!
On September 25, Chery Tiggo 9 and Chery Tiggo 9 CDM under Chery were officially launched. Among them, the 2025 Chery Tiggo 9 pushed 5 models, and the official guide price is 152,900 to 203,900 Yuan (RM90,000—120,000); Chery Tiggo 9 CMD has 2 models, and the official guide price is 165,900 to 175,900 Yuan (RM98k-104k).Except for the different power systems, the interior and exterior design of Chery Tiggo 9 and Chery Tiggo 9 CMD are identical. It is worth mentioning that, Chery Tiggo 9 will be na
Analysis of the advantages and disadvantages of Mazda CX-5, a SUV that people both love and hate?
Although Mazda comes from the auto powerhouse, Japan, unlike Toyota and Honda, it is not characterized by outstanding sales. Instead, Mazda is a car brand that always sticks to itself. Despite having a very unique brand element, it is stubborn in its products and refuses to compromise with mainstream design. This has caused Mazda's sales to always be unable to match Toyota and Honda, but it can attract a lot of young people's love.The Mazda CX-5, which is the core of Mazda, is positioned the sam
ZEEKR 7X Launched, Breaks 100 in 3 Seconds, Mid-size Pure Electric SUV: Real Shot Pictures Updated!
On September 20, 2024, ZEEKR's first midsize SUV, the ZEEKR 7X, was launched in China. The ZEEKR 7X, as the first family SUV under ZEEKR brand, is positioned as a midsize pure electric SUV. The new car is built on the SEA architecture, with a standard 800V high voltage platform, offering a choice between rear-drive and dual motor four-wheel drive, the latter with a system power of 475 kW, 0-100km/h acceleration in 3 seconds, and optional air suspension. Currently, the only ZEEKR model expected t
Whether it's about appearance or handling, why do young people all like Honda Civic?
If the Honda Accord is a model for family consumers, then the Honda Civic is the top choice for young people. The Honda Civic has evolved into its eleventh generation since its launch in 1973, with global sales exceeding 20 million units. The massive volume reflects its wide recognition and popularity in the global automobile market.Among Honda Civic's young consumer target group, most of them are young people who have not yet settled down, but have a certain economic strength. In the process of
Perodua Bezza is the best-selling, do consumers value fuel consumption or price?
In Malaysia's auto market, Perodua Bezza is undoubtedly a much-anticipated model. According to sales data for the first half of 2024, Perodua Bezza's sales have repeatedly set new highs among many cars, and the sales of 47,100 units in the first half of the year undoubtedly prove the popularity of this model.I. Affordable price, outstanding cost performanceThe price advantage of Perodua Bezza is one of the key factors for its best-selling. As an economical and practical small car, Bezza's pricin
Popular Cars
Car Compare