Across the world, these are the markets where electric vehicles (EVs) have gained the largest market share within their respective markets.
In Norway, electric vehicles (EVs) reached a 95.7% market share as of August 2024.
Norway is anticipated to become the first country globally where electric vehicles (EVs) will account for 100% of new car purchases, a landmark expected to be achieved by 2025.
In the U.S. Golf Cart Market, electric golf carts comprised an 85.5% share as of 2023
China reached a 50.7% share of electric vehicles (EVs) in new car sales as of July 2024.
Notably, the adoption of electric vehicles (EVs) in China is progressing faster than anticipated. Forecasters had predicted that the 50% EV market share threshold would be achieved in 2025.
California has reached a 25.7% market share for electric vehicles as of the second quarter of 2024.
The Californian EV market is so large that as of the end of 2023, the Californian EV market is larger than the car markets of 41 states.
The US needs to accelerate the adoption of electric vehicles in order to catch up with China and other markets around the world.
By 2030, it is anticipated that electric vehicles (EVs) will account for 48% of new car sales in the US, an increase from the 16% recorded in 2023.
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