1、Electric Vehicle Sales Review Q3 2024Foresight to drive the industryOctober 2024Strategy&This publication has been developed in collaboration between Strategy&,PwCs global strategy consulting business,alongside PwC Autofacts automotive industry and function experts.Together,we transform organization
2、s by developing actionable strategies that deliver results.At PwC,our purpose is to build trust in society and solve important problems.Were a network of firms in 151 countries with almost 364,000 people who are committed to delivering quality in assurance,advisory and tax services.Find out more and
3、 tell us what matters to you by visiting us at .PwC refers to the PwC network and/or one or more of its member firms,each of which is a separate legal entity.Please see for further Strategy&Electric Vehicle Sales Review*Incl.BEV,PHEV and hybridSource:PwC Autofacts analysis3Executive summaryEVs*repre
4、sented fourin ten vehicles sold inall analyzed marketsin Q3 2024 41%EV market share across allanalyzed markets in Q3 2024Back in the first quarter of 2023,28%of vehicles sold in all analyzed markets were EVs(BEVs,PHEVs or hybrids).By the third quarter of 2024,that proportion had risen to 41%.Althoug
5、h progress is not uniform across all markets,the overall trajectory of the EV market continues to inspire optimism.Much of the rise in market share can be explained by the rapid expansion of the Chinese PHEV market,which has more than trebled in size since the first quarter of 2023.In total,more tha
6、n 3 million EVs were sold in China in Q3 2024,representing more than half of the total in all analyzed markets.Chinas PHEV exports have also shot up,more than doubling during the first three quarters of 2024 year-on-year.The European Union believes that state subsidies have awarded Chinese OEMs an u
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