Global electric vehicle (EV) sales reached over 13 million units in 2023, accounting for more than 15% of new light-duty vehicles (LDVs) sold worldwide. China, Europe, the United States, and India collectively represent around 88% of EVs sold globally.
China remained the largest EV market with over 7 million units sold, representing 33% of its new LDV sales share. Europe remained stagnant at 21% of sales share and the United States zoomed past 1 million units sold for the first time, reaching 1.4 million at year’s end. India doubled its sales to 100 thousands EVs, reaching 2% of…
