Global sales of electric vehicles (EVs) rose to 10.4 million units last year, marking a 14% increase compared to the previous year, according to a study by consulting firm PricewaterhouseCoopers (PwC).
China dominated the market among the 21 countries included in the study, accounting for nearly two-thirds of global EV sales with 6.7 million battery-powered vehicles sold—a growth of over 20%, significantly surpassing the revised figures from the previous year.
The United States ranked second, with 1.2 million EVs sold, reflecting a 7.4% increase. The UK followed in third place, with 382,000 vehicles sold—a 21% rise year-on-year.
Germany fell to fourth place after its EV market shrank by 27% to 381,000 units, following the removal of government purchase incentives last year.
Other European markets, including France, Austria, Italy, Switzerland, and Sweden, also saw declines in EV sales. However, these drops were more moderate compared to Germany’s significant downturn.
