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Automakers See EV Sales Soar Despite Lagging Car Market | OilPrice.com

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Sales globally now make up 10% about the global market of auto sales, according to a new report from the Wall Street Journal. The global growth has been helped along by massive adoption in places like China and Europe, while sales in the U.S. still lag.

Electric vehicles account for 10% of global auto sales.Tesla is leading the EV charge with the most deliveries globally.

. The global growth has been helped along by massive adoption in places like China and Europe, while sales in the U.S. still lag. Ralf Brandstätter, the head of Volkswagen AG’s China business, told the WSJ that China has really helped drive the change: “Last year, every fourth vehicle we sold in China was a plug-in, and this year it will be every third auto. We haven’t reached the tipping point yet, but we’re expecting to get there between 2025 and 2030.”EVs made up 11% of total sales in Europe and 19% of total sales in China, the report says. 807,180 fully electric vehicles were sold in the U.S.

 

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