Apr 24, 2024 - News

U.S. is just 10% of global EV market

Electric car sales
Reproduced from the International Energy Agency; Chart: Axios Visuals

The International Energy Agency sees full EVs and plug-in hybrids together accounting for 1 in 5 light-duty vehicles — cars, SUVs and pickups — sold globally this year, Axios' Ben Geman writes.

  • 60% of those sales will be in China, 25% in Europe and 10% in the United States.

Between the lines: The Detroit Three automakers consider Chinese electric cars an existential threat even though they aren't for sale in the U.S. yet.

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