Electric cars, one of the key elements for a more sustainable future, began to become widespread. Many companies are currently launching their electric models and planned to become fully electric in the coming years. However, the recent decline in demand suggests that it may take a little longer to achieve the targets. Yet sales increased.

The data for the first five months of the year have now been received. Research agency Rho Motion brought us information about the electric vehicle market. According to this In May, 1.3 million sales were achieved, a turnover increase of 20% year on year. However, sales not evenly distributed attracted attention.

In Europe and North America, sales came to a standstill, while an increase was observed in China

According to the report, the main reason for this significant increase is in electric vehicles Chinese. So much so that the number of electric cars sold in China will increase annually between January and May 2024. 31% increased. In May alone there was a 36% increase. You can say that affordable electric vehicles from Chinese companies have a major impact on this.

However, when we come to Europe and America, we do not see the same picture. Accordingly, only in Europe an increase of 4% seen. In North America, including the US and Canada increased by 5%. So on the European market Down 9% year-on-year in May% in US and Canadadecrease of 3 there is. This is an indication that electric vehicle growth is slowing.

In short, China is the largest and most sales region for electric vehicles, with a share of more than 50%. In Europe and North America Demand is decreasing and sales are not increasing. We saw Western brands gradually postponing their electrification plans. This data shows they are right.

For the rest of the year, sales of electric cars will become even more interesting. EU last week Additional tax on electrical goods originating from China had put it. A similar situation occurred in Turkey. It is a matter of great curiosity how this will affect sales. We will see over time whether sustainability plans are delayed.