Five facts about electric vehicles in 2024 [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
In a milestone for China, the world's biggest auto market, EVs hit 50% of new car sales in July. That included pure battery EVs plus plug-in hybrid electric vehicles. Chinese companies such as BYD continue to gain traction worldwide with their inexpensive EVs. Electric vehicles also made headway in Europe and the U.S. Uncertainty around purchase subsidies could complicate matters come 2025, especially under the incoming Trump administration in the U.S. But mainstream consumers remain interested in new models, longer driving ranges, better performance and lower prices. The transition to electric vehicles is an important part of the shift to clean energy. Road transport accounts for around one-sixth of all global emissions from energy, according to the International Energy Agency. Widespread EV adoption could significantly address climate change. Here are five facts about EVs this year. Most of the data comes from consultancy Rho Motion. How well did electric vehicles sell? T
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