In November, global electric vehicle sales reached a new high for three consecutive months, with the Chinese market leading the growth.
On Friday, according to data from market research firm Rho Motion, global sales of pure electric and plug-in hybrid vehicles in November increased by 32.3% year-on-year, reaching 1.83 million units, marking the third consecutive month of record highs and the seventh consecutive month of growth in global electric vehicle sales.
Among them, the Chinese market performed exceptionally well, with sales increasing by 50% year-on-year, reaching 1.27 million units, accounting for about 70% of global total sales.
In contrast, the European market showed relatively weak performance, with sales at 280,000 units, a slight decline year-on-year, but a 7.7% increase compared to October.
The markets in the United States and Canada continued to grow, with sales increasing by 16.8% year-on-year to 170,000 units, while sales in other regions remained flat compared to the same period last year.
Charles Lester, data manager at Rho Motion, stated:
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The performance of the Chinese market is in line with expectations, as government incentive policies have further driven the growth of electric vehicle sales, with the penetration rate of electric vehicles in the Chinese automotive market remaining around 50% in recent months.
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It is worth noting that overall automobile sales in China in November increased by 16.6% year-on-year, achieving the highest growth rate since January this year. Domestic brand BYD is expected to exceed its annual global sales target and surpass Ford and Honda.
This year, the global electric vehicle market has undergone a critical transformation. Taking Europe as an example, it faces multiple pressures such as rising production costs, new emission standards, and increasingly fierce competition. European and American automakers have indicated that factors such as escalating trade tensions, carbon emission regulations, and the cancellation of subsidy policies in some countries have affected vehicle prices and may put thousands of jobs at risk

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The Chinese market performed brilliantly, with November sales increasing by 50% year-on-year to 1.27 million vehicles, accounting for about 70% of global total sales. Overall automobile sales in China in November increased by 16.6% year-on-year, marking the highest growth rate since January this year. BYD is expected to exceed its annual global sales target and surpass Ford and Honda

- In November, global electric vehicle sales reached a record high for the third consecutive month, with a year-on-year increase of 32.3% to 1.83 million units.  
- The Chinese market led this growth, with sales rising 50% to 1.27 million units, accounting for about 70% of global sales, while Europe saw a slight decline in sales to 280,000 units.  
- Market pressures in Europe and North America, including rising production costs and regulatory changes, pose challenges for manufacturers, potentially impacting employment and vehicle prices.

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A year-on-year increase of 32%! Global electric vehicle sales have reached a historical high for three consecutive months, with the Chinese market accounting for 70%