Worldwide electric-vehicle sales reached a record in September, according to fresh data.
The 1.7 million in sales bested the old record, set last December, by 150,000 units, according to EV data provider Rho Motion.
September Global EV Sales a Record
China bests its own record despite U.S., European tariffs.
October 17, 2024
Year to date global EV sales total 11.5 million, up 22% year-over-year.
Credit:
Pexels/Kindel Media
1 min to read
China led sales with 1.1 million for the month, accounting for more than half of total global sales on the strength of exports to Latin America and other parts of Asia as it faces U.S. and European tariffs. It surpassed its own monthly record, set in August, by 90,000 units, the company said.
Year to date, global EV sales total 11.5 million, up 22% year-over-year. Sales in the U.S. and Canada combined are up 10% to 1.3 million. Meanwhile, sales in Europe are down 4%.
“While the electrification of transport seems inevitable, the recent slowdown of sales in many parts of the world has sewn seeds of doubt which can now start to be swept aside,” said Rho Motion Data Manager Charles Lester in a press release on the sales results.
LEARN MORE: Industry Weighs in on Proposed Rule to Bar Chinese Vehicles
Originally posted on F&I and Showroom
More Industry
A New Consumer Culture in the Auto Dealership
Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
Read More →
New-Vehicle Sales Down
A cloudy April forecast was expected due to last April’s sales surge in anticipation of U.S. trade tariff-inflated prices. Meanwhile, automakers pumped up incentives to address today’s consumer wallet woes.
Read More →
Used Autos Selling for More
A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
Read More →
Maryland Auto Group Sells
A group out West picked up the major D.C.-area collection, putting it in the upper tiers of private automotive groups in the U.S.
Read More →
Auto Lending Opens Up in March
Lenders loosened access for subprime borrowers, and consumers with negative equity reached a record high, Cox Automotive reported.
Read More →
EV Interest Varies Regionally
U.S. consumer interest in electric vehicles lags behind other countries despite the rising gas prices caused by the ongoing war in the Middle East.
Read More →
Brands Weighed on Projected Recalls
Research reveals the brands and models most likely to have higher recall rates over their lifetimes. While some brands rank high, addressing safety issues can be a selling point.
Read More →
March New-Vehicle Sales Don’t Reflect War
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
Franchised Dealers Stand to Gain Service Business
Cox Automotive research shows both the opportunities and the challenges in turning consumers’ growing affordability needs into increased fixed-operations revenue.
Read More →
What Matters Most in Building Your Agency
The partner you choose for growth and expansion is key, because better is the ultimate goal instead of growth for growth’s sake.
Read More →