Global EV sales surge in November - here's how China is driving momentum

November marked another record-breaking month for EV sales with 1.8 million units sold globally, according to the report by EV research-house, Rho Motion.

November overtook the previous record set in October 2024 by 100,000.

The Chinese market once again beat its previous record set last month (October) by over 50,000 vehicles, to reach almost 1.3 million units sold in November 2024.

Overall, 15.2 million EVs have been sold globally so far this year, growing by 25% year-to-date, according to Rho Motion.

"This quarter has picked up significantly for EV sales globally as we see record-breaking month after record-breaking month," said Rho Motion Data Manager, Charles Lester. "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."

According to the report, the EV market of the region of the EU & EFTA and the UK remains down, total EV sales dropped by 3% in November, compared to the same period last year. The region had 280,000 units sold last month, thus reaching 2.7 million units sold year-to-date.

Separately, the UK market has had a strong second half of 2024, growing by 17% year-to-date, bolstered by the Zero Emission Vehicle (ZEV) Mandate, a government policy regulating EV sales and setting tough targets for the carmakers.

According to a separate report by the Society of Motor Manufacturers and Traders (SMMT) manufacturers gave big discounts to make sure they meet the EV sales targets, wrote the BBC.

Meanwhile, the biggest European economies, including Germany, France and Italy, had weak EV sales numbers on a year-to-date basis.

According to the European Automobile Manufacturers Association's