The global market share of petrol and diesel has fallen by a fifth in two and half years, according to data from New AutoMotive’s latest Global Electric Vehicle Tracker (GEVT).

Sales of internal combustion engine vehicles have slumped from 78 per cent to 63 per cent, as electric vehicles have almost doubled their market share from 10 per cent to 17.4 per cent, with around 20 per cent now PHEV etc.

As a result, EVs are on for another record breaking year, with global sales up 7.4 per cent on the same period last year, and in the last month alone, global EV sales reached over one million, with the sector selling 108,000 (12 per cent) more vehicles than the same month last year.

The growth was driven largely by China and the US, and the UK’s sales increased 23 per cent on October last year, with more than 5,000 extra EVs.

Several European markets also saw impressive increases on last October, with Bulgaria and Cyprus seeing growth of more than 50%, and Denmark, Croatia, Czechia, Greece and Malta seeing sales of more than 80 per cent.

Ben Nelmes, CEO of New AutoMotive, said: “The data shows the rumours of a slowdown in electric car sales are just rumours. In reality, electric car sales continue to increase month after month, and not just in the largest car markets. Global electric car sales have huge momentum heading into the final months of the year.”

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