Facts About Electric Vehicles in 2024: The future is here, and it’s electric! In 2024, electric vehicles (EVs) are transforming how we think about mobility, energy, and sustainability.
Every day, EVs are capturing imaginations, breaking records, and reshaping the global car market.
Let’s dive into some incredible facts about electric vehicles in 2024 and discover how they are leading the charge toward a cleaner, greener future.
Facts About Electric Vehicles in 2024
Check the latest electric vehicles facts of the 2024 given below:
1. Global EV Sales Are Surging
In 2024, EV sales are expected to hit 16.9 million units globally, a 19% rise from last year. Almost one in five cars sold worldwide will be electric. Improved infrastructure, affordable models, and growing awareness drive this growth.
Key Figures
- Sales: 16.9 million units
- Market Share: 19.7% of global car sales
2. China Leads the EV Revolution
China continues to dominate the market for EVs. In 2024, the country will sell around 10 million EVs, making up 45% of its total car sales. Competitive pricing and strong government support fuel this dominance.
Key Figures
- Sales in China: 10 million EVs
- Market Share: 45% of total car sales
3. Emerging Markets Are Catching Up
Countries like India and Vietnam are seeing rapid EV adoption. India sold 1.7 million EVs in FY2024, with electric two-wheelers leading the charge. Vietnam’s EV sales grew sevenfold in the same period.
Key Figures
- India’s Sales: 1.7 million vehicles
- Vietnam’s Growth: Sevenfold increase in sales
4. Charging Infrastructure Is Expanding
The growing number of EVs demands more charging points. As of 2024, there are over 2 million public chargers worldwide. The U.S. and EU are heavily investing in expanding their networks.
Key Figures
- Global Chargers: Over 2 million
- U.S. Goal: 500,000 chargers by 2030
- EU Goal: 1 million chargers by 2025
5. Battery Technology Is Advancing Fast
Battery advancements are making EVs more affordable and efficient. Solid-state batteries promise faster charging and higher energy density. Lithium-ion battery costs have dropped below $100 per kWh.
Key Figures
- Battery Cost: Below $100 per kWh
- New Tech: Solid-state batteries
6. EVs Are Cutting Carbon Emissions
EVs are helping reduce greenhouse gas emissions worldwide. In 2024, they are expected to avoid nearly 1 billion tons of CO2 emissions. This supports global climate goals like the Paris Agreement.
Key Figures
- CO2 Reduction: 1 billion tons
- Climate Goal Alignment: Paris Agreement
7. More EV Models for Everyone
The variety of EVs is growing. Apart from cars, electric buses and commercial vehicles are also gaining traction. For example, India saw an 80% increase in electric bus sales in FY2024.
Key Figures
- Electric Bus Growth (India): 80%
- Expanding Segments: Cars, buses, and commercial vehicles
8. Governments Are Pushing EV Adoption
Governments are encouraging EV adoption with tax credits and incentives. The U.S. offers up to $7,500 in federal tax credits, while Germany provides bonuses of up to €9,000 for new EVs.
Key Figures
- U.S. Tax Credit: Up to $7,500
- Germany’s Bonus: Up to €9,000
Also Read: Delhi Government’s Private EV Charger Subsidy
Conclusion
These facts about electric vehicles in 2024 showcase their growing popularity and impact. Thanks to better batteries, supportive policies, and increasing consumer awareness, the world is moving closer to sustainable transportation.
As the EV market continues to grow, these facts about electric vehicles in 2024 prove that the shift to cleaner, greener mobility is unstoppable.
