1,270,670 global EV sales in March
Passenger car and light duty vehicle EV sales experienced a 59% increase month-on-month to 1.27 million units. All regions experienced a m-o-m increase, with China seeing the largest increase at 85% as the market rebounded after Chinese New Year.
Globally, 3.14 million passenger car and light duty vehicle EVs were sold in Q1 2024, which is a 22% increase on Q1 2023. China drove this growth as it experienced a 32% increase in EV sales YTD at the end of Q1, while growth in the US & Canada and EU & EFTA & UK regions lagged at 10% and 7%, respectively.
This data is taken from our EV Sales Monthly Assessment. To request a copy of the full report, click here: bit.ly/3OnZNWf