Electric vehicles are expected to outsell cars with internal combustion engines in China for the first time next year, in a historic inflection point that puts the world’s biggest car market years ahead of western rivals.

China “will add nearly twice as many EV sales next year as the rest of the world combined," predicts Rho Motion's Will Roberts.

As per the report, over 7 million electric cars were sold globally in the first six months of 2024, marking a 25% rise compared to the same period in 2023. The report also noted that the share of electric vehicles (EVs) in the global car fleet is expected to reach around 5% by the end of 2024.