With global EV sales approaching 14 million cars in 2023 with a year-on-year growth rate of 35% it is clear that EVs are gaining acceptance rapidly.
In 2021, China recorded the strongest growth in the EV market with around 3.2 million EVs sold. This was an increase of 2 million EV units compared to 2020 which was more than the combined increase of all other regions taken together.