Some 56 million electric vehicles worldwide; China dominates
27 June 2025 09:40
Stuttgart (dpa)Worldwide, the number of electric vehicles increased by around one-third last year to 55.8 million, with China and its 31.4 million vehicles accounting for more than 50% of the total, calculations from a German energy research group showed.The figures, complied by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), include fully electric vehicles, plug-in hybrids or electric cars with range extenders.In second place - with a significant gap from China's top spot - the United States follows with 6.4 million vehicles. Germany ranks third with 2.6 million. The United Kingdom and France each have around 2.1 million, while Norway has just over 1 million.Looking at fleet growth, which also accounts for vehicle attrition, presents an interesting but challenging picture. After years of strong increases, a decline has been observed: in 2024, the fleet grew by 13.8 million vehicles, compared to 14.2 million in 2023.This is surprising, as new registrations continued to rise significantly. There is now a gap of 3.7 million vehicles between new registrations and fleet growth, primarily attributed to China. In previous years, this gap was only a few hundred thousand vehicles.
Surprise in China "We were initially surprised by the figures from China," said Andreas Püttner from ZSW. He suspects that a combination of several factors explains the significant difference between new registrations and fleet growth in China.For one, there is now an increasing stock of older vehicles, particularly in China, leading to more vehicles being scrapped or decommissioned.This is also driven by a rapidly growing variety of models with ever-improving digital technology and range, as well as a strong customer desire for the latest models.Three German manufacturers in the top 10 When it comes to car manufacturers, China's BYD has extended its lead. The brand now has cumulative registration figures of 10.6 million vehicles over the years, far ahead of the next competitors Tesla with 7.3 million and Volkswagen with 4.3 million.BMW and Mercedes-Benz also made it into the top 10, with BMW ranking sixth with nearly 2.5 million vehicles and Mercedes-Benz is in eighth place with 1.6 million. Fleet figures are not available here but are likely to be significantly lower.However, the ZSW warns against being misled by the strong position of German manufacturers when it comes to cumulative registration figures."Due to the size of the Chinese market and the dominance of Chinese manufacturers there, more and more manufacturers that are still relatively unknown in Europe are pushing into the global top 10.
Last year, six out of 10 carmakers in worldwide new registrations were Chinese, the ZSW said. Mercedes has dropped out of the top 10 worldwide.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TECHx
5 hours ago
- TECHx
Global Electric Vehicle Fleet Hits 55.8 Million in 2024
Home » Smart Sectors » Energy » Global Electric Vehicle Fleet Hits 55.8 Million in 2024 The global electric vehicle fleet increased by around one-third in 2023, reaching a total of 55.8 million units. This was revealed in new data compiled by the Centre for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW), a German energy research institute. The figures include fully electric vehicles, plug-in hybrids, and electric cars with range extenders. China led the global market with 31.4 million electric vehicles, accounting for more than 50 percent of the worldwide total. The United States followed in second place with 6.4 million vehicles. Germany ranked third with 2.6 million, while the United Kingdom and France each reported approximately 2.1 million. Norway recorded just over 1 million electric vehicles. However, growth in the global electric vehicle fleet showed signs of slowing. In 2024, the number of electric vehicles grew by 13.8 million slightly lower than the 14.2 million increase reported in 2023. Key highlights: China accounts for over half of all electric vehicles worldwide. U.S. and Germany follow in second and third positions, respectively. Global EV growth in 2024 slightly declined compared to 2023. Source: Emirates News Agency
Gulf Today
9 hours ago
- Gulf Today
Norris leads McLaren 1-2 in Austrian GP practice session
Lando Norris bounced back from his Canadian catastrophe to top the times ahead of team-mate and championship leader Oscar Piastri as McLaren reeled off a commanding 1-2 in second practice on Friday at the Austrian Grand Prix. Norris, who sat out the first session at the Red Bull Ring, clocked a best lap in one minute and 4.580 seconds to beat Piastri by 0.157 seconds with four-time champion Max Verstappen third fastest for Red Bull, adrift by 0.318 seconds. For Norris, it was a relief to move on from his collision with team-mate Piastri in Montreal where he retired pointless, admitting he had 'made a fool of myself'. Lance Stroll was fourth for Aston Martin ahead of Ferrari's Charles Leclerc, George Russell of Mercedes, who won last year and two weeks ago in Canada, and Yuki Tsunoda in the second Red Bull. Gabriel Bortoleto was eighth for Sauber ahead of two-time champion Fernando Alonso of Aston Martin and seven-time champion Lewis Hamilton, struggling in his updated Ferrari. After much paddock speculation linking Verstappen with a move to Mercedes, the session began with Colapinto and Ocon leading the way in near-perfect conditions at the picturesque, and historic, circuit set in the Styrian Alps. McLaren's Lando Norris speaks to the media after practice. Reuters Russell, fastest in the morning, was soon on top again, but it was the McLarens of Piastri and Norris that proved they had found more pace amid the rising temperatures, with the air at 26 degrees Celsius and track at 34. Having missed the morning session, when Irish reserve driver Alex Dunne proved his huge potential by finishing fourth, Norris swept to the top after 10 minutes shortly before Leclerc, also back after sitting out the first practice, ran off at Turn Six and his Ferrari team-mate Hamilton reported he had 'no pace' in his updated car. Norris stayed on top, trimming his time, before switching to softs with 'papaya' team-mate Piastri slotting in second. Stroll was third, four-tenths adrift ahead of the chasing pack including 'man of the moment' Russell. 'He has been part of our programme for 10 years,' said Mercedes team boss Toto Wolff of Russell. Mercedes confirm Verstappen talks: 'He's always performed to expectations and continues to do so. 'These kind of contract discussions end up accelerated in the media, but it's normal business. Contracts discussions are not held in Town Halls. All is going to plan.' Wolff confirmed he was in contact with Verstappen, but suggested it was not in his mind to replace Russell and stressed that he was also very happy also with Antonelli. Thus most seasoned observers regarded the speculation as merely exploratory. The Dutchman is contracted to Red Bull until 2028, but with release clauses - that may relate to a possible exit by adviser Helmut Marko amid claims that he could be replaced by four-time champion Sebastian Vettel. On track, Verstappen delayed his entry by 12 minutes and worked his way into contention, but with 15 minutes remaining he was adrift of the two McLarens by three-tenths with Mercedes and Ferrari struggling to keep pace. Agence France-Presse
Al Etihad
a day ago
- Al Etihad
S&P 500 hits record, erasing losses from Trump tariff blitz
27 June 2025 18:44 New York (AFP)The S&P 500 hit a record on Friday morning, rebounding from a market rout triggered by President Donald Trump's sweeping gains, which came as US and Chinese representatives confirmed progress towards a trade deal, restored the S&P 500 back into its heights from before Trump's "Liberation Day" tariff announcements set off a wave of volatility in early 1415 GMT, the broad-based S&P 500 stood at 6,177.02, up 0.6%, an intraday Dow Jones Industrial Average rose 0.7% to 43,707.66, while the tech-rich Nasdaq Composite Index climbed 0.6% to 20, Friday, China confirmed details of a framework agreement with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export announcement follows earlier rounds of negotiations between the two sides in Geneva and London. Beijing had emerged as the White House's biggest target following Trump's early April announcement, which initially set Washington on course to radically scale back global has since suspended the most onerous elements of his trade overhaul, while still implementing the biggest US tariffs imposed in tariffs have focused attention on the risk that US inflation could pick up personal consumption expenditures price index climbed 2.3 percent last month from a year ago, according to data released Friday. This was in line with analyst expectations and a slight acceleration from April's 2.2 percent increase. Federal Reserve Chairman Jerome Powell has said the central bank can afford to monitor inflation before changing monetary policy, rebuffing Trump who has insistently called for interest rate cuts. Stock Markets Continue full coverage
