November marked another record-breaking month for electric vehicle (EV) sales with 1.8 million units sold globally, according to new analysis from Rho Motion.
The month overtook the previous record set in October by more than 100,000.
The Chinese market once again beat its previous record set last month (October) by more than 50,000 vehicles, to reach almost 1.3m units sold in November 2024.
It reported record monthly battery electric vehicle (BEV) sales and flat plug-in hybrid (PHEV) sales on a month-on-month basis.
The growth in EV sales in China almost entirely come from BEV sales, with over 70,000 units more registered.
However, on a year-to-date basis, PHEV sales have almost doubled, whereas BEV sales in China have grown by 18% year-to-date.
Most of this growth in November resulted from monthly increases in sales from Geely, Tesla, and Changan.
China has now registered 9.7m new EVs so far this year – a 40% year-on-year increase.
Overall, 15.2 million EVs have been sold globally so far this year, growing by 25% year-to-date (YTD), with the US and Canada reporting 1.6m registrations (up 10%).
Rho Motion expects continued strong growth towards the end of the year in the US and Canada, driven by President Elect, Donald Trump’s, reported aim to get rid of the Biden tax credit.
“We expect this would bring forward purchases from consumers in order to take advantage of the tax credit,” it said.
VinFast has begun deliveries of its second EV in the USA, the VF 9, and deliveries of the Tesla Cybertruck have started in Canada.
Year-to-date, 2.7m new EVs have been registered in Europe and the UK, which equates to a 3% fall.
The EU and UK registered 280,000 units in November 2024.
The UK market has had a strong second half of 2024, growing by 17% year-to-date, bolstered by the ZEV mandate.
Separate new car registration figures for November, from the Society of Motor manufacturers and Traders (SMMT), showed that BEV registrations rose for an eleventh successive month, up 58.4% to 38,581 units, representing 25.1% of the overall market but driven by “heavy manufacturer discounting”.
Other major European markets, such as Germany, France, and Italy, however, remain down on a year-to-date basis.
There has been increased intensity over the past month, most recently from the European People’s Party Group (EPP) after they released a position paper calling for a revision of the EU emission targets – including changing the 2035 ban on internal combustion engines (ICE) and an assessment of the fines expected from the 2025 emission targets.
Rho Motion data manager, Charles Lester, said: “This quarter has picked up significantly for EV sales globally as we see record-breaking month after record-breaking month.
“However, the regional picture is somewhat uneven with Europe shrinking 3% this year so far and once more China accounts for over two thirds of the electric vehicles sold in November.”
