China performs strong in EV industry, report finds

Newly published figures in the International Energy Agency's annual Global Electric Vehicle Outlook show that in the first quarter of 2024, sales grew by about 25 percent compared with the same period last year.

The number of EVs sold globally in Q1 2024 is equivalent to that in all of 2020.

This came after a record-breaking 2023, with EV sales totaling about 14 million worldwide. While traditionally strong markets such as China and the United States have continued to perform well, emerging markets such as Thailand and Vietnam are also recording growth.