Electric vehicles (EVs), including battery electric and plug-in hybrid vehicles, continue to significantly penetrate global car markets. Worldwide cumulative EV sales grew 45% between 2023 and 2024 to 58 million electric passenger cars – more than eighty times the 710,000 vehicles on the road in 2014. China accounted for nearly 60% of global EVs with 34 million deployed at the end of 2024, and nearly half of the vehicles sold in China last year were electric. The U.S. had the second largest deployment with 6.3 million EVs, but just 10% of 2024 vehicle sales were electric. Among the top 10 largest markets, European countries had the highest percentages of EVs sold last year: Norway with an astounding 92% of its market, Sweden with 58%, and the Netherlands equaling China’s 48%. These countries have strong incentives in place for EV owners, including reduced taxes, tolls, and parking fees. By 2030, the IEA predicts that EVs will comprise 40% of global passenger car sales, driven primarily by China and European nations.