London, August 13 – Global sales of fully electric vehicles (EVs) and plug-in hybrid vehicles (PHEVs) increased by 21% year-on-year in July, driven by strong demand in China, which helped offset a market decline in Europe. This information comes from a report by Reuters, based on a survey by the analytical firm Rho Motion.
In July, 1.35 million vehicles in both categories were sold worldwide, with 880,000 of those in China, where sales saw a year-on-year increase of 31%. The number of PHEVs sold in China in the seven months leading up to the end of July rose by 70% compared to the previous year. Chinese company BYD, the world’s largest manufacturer of electric vehicles, reported a 13% increase in global EV sales and a 44% rise in PHEV sales during the same period.
In Europe, sales in July fell by 7.8%, returning to the levels seen in the same month of 2023. In Germany, the largest electric vehicle market in the European Union, sales declined by 12% from January to July. In contrast, sales in the United States and Canada increased by 7.1% in July.
Tables: Key Global Electric Vehicle Sales Data for July 2024
Global EV and PHEV Sales by Region
| Region | Sales (July 2024) | Year-on-Year Change (%) |
|---|---|---|
| Global Total | 1.35 million | +21% |
| China | 880,000 | +31% |
| Europe | N/A | -7.8% |
| U.S. and Canada | N/A | +7.1% |
Key Market Insights
| Country/Region | Sales Insight | Change (%) |
|---|---|---|
| China | Strong demand, 31% rise in EV sales | +31% |
| Europe | Decline in sales, back to 2023 levels | -7.8% |
| Germany | Largest EU market, 12% decline from Jan to July | -12% |
| U.S. and Canada | Moderate growth in July | +7.1% |
