Electric Vehicles Production 2024. Tesla and byd battled it out to be the major electric car player in 2023, all while global ev sales approached 10 million. By 2027, 15% of ev companies founded since last decade will be acquired or bankrupt.

Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% 5 years earlier, in 2018. In 2024, the market share of electric cars could reach up to 45% in china, 25% in europe and over 11% in the united states, underpinned by competition among manufacturers,.