A recent report from the Centre of Automotive Management (CAM) has presented its latest analysis of electromobility market trends from the past year and has found that global competition is increasingly become more fierce.
The report has specifically found that China is making the largest contribution to the global figure of electric vehicle (EVs) and plug-in hybrid (PIHs) registrations, with 1 million EVs and 740 thousand PIHs in 2024.
With only 81 thousand EVs registered, Germany is losing its leading position as the leading European electric market. This comes after new registrations to the United Kingdom increased by 11% and France following closely with an increase of 24%.
Source: Centre of Automotive Management
Tesla has had to accept a decline in sales for the first time, but achieves the most EV sales at 387 thousand. BYD increases its sales to 300 thousand EVs and continues to put the market leader under pressure. SAIC (150 thousand), VW Group (136 thousand) and Geely Group (130 thousand) complete the top 5 in the EV sector.
In 2024 as a whole, the report has found that of 10 million EV registrations worldwide in 2024, 6 million were in China, 2.3 million were in Europe and 1.3 million in the USA.
