news
Summary
- Global plugin vehicle registrations were up 23% in May 2024 compared to May 2023, with BEVs up by 17% YoY and plugin hybrids jumping 37% YoY.
- Plugins represented 20% share of the overall auto market, with BEVs alone at 13% share.
- The EV market is growing at a steady pace, with an impressive 42% growth in May in markets outside China, Europe, and North America.
EVs Now 20% of World Auto Sales
Global plugin vehicle registrations were up 23% in May 2024 compared to May 2023. There were 1.3 million registrations. BEVs were up by 17% YoY, while plugin hybrids jumped 37% YoY.
In the end, plugins represented 20% share of the overall auto market (13% BEV share alone). This means that the global automotive market remains in the Electric Disruption Zone.
Year to date, plugin electric vehicle market share was stable, at 17% (11% BEV).
Full electric vehicles (BEVs) represented 66% of plugin registrations in May, keeping the year-to-date tally at 64% share.
With all the talk in some media that EVs are going down, as mentioned above, the numbers show a different story.
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Read the full post at CleanTechnica.
