Global EV Sales Report H1 2024 by EV Universe

Hey, Jaan here.

You’ve probably already heard me utter this sentence before:

Information wants to be free.

Since nearly nobody is gathering all the EV sales info and sharing it freely out there, I find it is my duty to do so.

The fun part is that I enjoy doing all this — from translating Thai language inside the pdf’s from their transport departments to adding up EV numbers from South Korea’s monthly 113-page pdf vehicle reports — so although it takes a lot of time (weeks), it all feels like play not work to me.

Today, I’ve managed to track down 4,522,793 battery-electric vehicle sales across 54 markets in the first half of the year 2024. This means I’ve tracked down 98.5% of all EV sales that occurred for you!

Not too bad for one random Estonian guy behind a computer, huh?

This took me days upon days to put together.
If you want to support my work, you can:

1. Share this report with your friends and colleagues:
   evuniverse.io/p/evsales2024-h1

2. Become an EV Universe Pro Member (they got this research last week already)

3. Advertise in the EV Universe

4. Drop a few electric bucks in this high-voltage Tip Jar ⚡️.

Now, come and dig in with me, it’ll be fun I promise.

RESOURCES

Insights are all below, and in the same article online.

Charts in higher quality can be downloaded on Google Drive here. Please link to our website if you use them.

Charts on socials for resharing are popping up on my X account and on my LinkedIn account feed as I send you this.

Numbers are all in this Google spreadsheet. All the core sources are linked to in the Column U. It’s okay to share all this with your friends.

To clarify, my research has:

Ready?

Global numbers you need to know:

4,590,947 battery-electric vehicles were sold in the world in the first half of 2024 (H1 2024).

12.4% is how much EV sales grew globally in the first half of 2024, compared to H1 2023.

36 markets saw EV sales grow compared to the first half of last year, yet
16 markets saw a decline.

12% is the market share these 4.59M EVs took in total light-duty vehicles sold in the world. In other words,

Every 9th (well really every 8.33th) vehicle sold in the world was fully electric.

We know the total BEV sales number and verified the Chinese sales numbers thanks to our friend José Pontes from EV-Volumes. That’s why I know we’ve now mapped out 98.5% of all sales. Thank you, José! If anyone needs to access their detailed data, let me know and I’ll introduce you.

Historical EV sales growth:
2010 to H1 2024 globally

In 2023, 10,311,976 EVs were sold globally, and EVs took up 11.45% of the overall car sales. Per the current trend, we will surpass that, especially considering the latter part of the year is usually with higher sales.

See our full 2023 analysis across 57 countries here, if you missed it.
And here’s the updated chart to see where we’re at today:

Who is leading the EV sales in H1 2024?

Ok, so let’s start breaking the data down.
The 4.59M EVs were divided into the markets like this:

54.6% sold in China; every 4th car sold was an EV.
20.8% in Europe; every 7th car sold was an EV.
13.1% in the US; every 14.5th car sold was an EV.
11.5% in Rest of World; no data for overall sales yet to calculate market share.

China “lost” -6.1% in the world’s EV market share, while Europe gained 1.2%, US 1.6% and Rest of World 3.3%.

This does seem to confirm what we talked about early this year — the ‘rest of the world’ will start to outpace China, Europe, and US in EV growth this year. We’ll see it further below with the largest EV growth regions as well.

The reasons are both the RoW countries’ own evolving landscape, the increasing export of Chinese EVs, and from now on, another catalyst will be the protectionist measures of EU and US. A perfect storm? I think so.

As we know, the EV future is already here. It is just unevenly distributed and varies also through time.

Let’s look at the:

Ten largest EV markets in the world in H1 2024