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Global Electric Vehicle Sales Rise by 21% in July

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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

RegionSales (July 2024)Year-on-Year Change (%)
Global Total1.35 million+21%
China880,000+31%
EuropeN/A-7.8%
U.S. and CanadaN/A+7.1%

Key Market Insights

Country/RegionSales InsightChange (%)
ChinaStrong demand, 31% rise in EV sales+31%
EuropeDecline in sales, back to 2023 levels-7.8%
GermanyLargest EU market, 12% decline from Jan to July-12%
U.S. and CanadaModerate growth in July+7.1%
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