Eight out of the ten largest EV markets experience growth in year to May with only Germany and Sweden falling behind.

The largest, the US and China lead the way, accounting for more than three quarters of global EV sales, but the wider global market has seen sales rise by 23 per cent, totalling 10.5m in the past twelve months.

The report from New AutoMotive’s Global Electric Vehicle Tracker (GEVT) ascribes the falling demand in Germany as the result of its “chaotic” withdrawal of EV incentives and Sweden from diminishing returns as it has one of the highest EV adoption rates in the world.

The UK has had another strong month, outperforming France to become the leading European EV market. Meanwhile, in Norway, the combined sales of petrol and diesel vehicles now account for less than 4 per cent of new vehicle sales.

Outside of Europe, EV market share is still continuing to grow. EVs in Brazil (354 per cent), Thailand (163 per cent) and India (65 per cent) all experienced a huge uptake when compared to last year, continuing the trend of rapid EV adoption seen so far in 2024.

---