In a first, global electric car sales cross one million for first time: Report

The momentum in rise in sales of electric cars may be slowing down in many key markets across the world but it still growing. A clear indication of this may come from the fact that global electric car sales in the month of January may have crossed the one million mark for the first time ever.

According to a calculations made by UK-based market research firm Rho Motion, global sales of electric cars touched the one million and that this is a 69 per cent increase over sales in January of 2023 when 660,000 units were sold. And while the sales figures from last month may not be absolutely accurate considering that data from all markets is rather difficult to collect, collate and assess, it does provide a generous look at what is happening in the world of electric mobility.

The European markets combined saw 92,741 units of full electric vehicles (EVs) registered in January, up by 29 per cent from the same month in 2023. China saw sales of EVs go past 700,000 mark (this includes plug-in hybrids), the main source of the global thrust. And while this was a dip of 37 per cent against figures from a month earlier, it was still 79 per cent higher than in January of 2023, as per data from China Association of Automobile Manufacturers (CAAM). In the US, overall new vehicle sales slipped last month but demand for EVs remains strong.