{"id":249623,"date":"2024-04-25T15:15:00","date_gmt":"2024-04-25T15:15:00","guid":{"rendered":"https:\/\/news.republicofgreen.com\/evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally\/"},"modified":"2024-04-25T16:50:15","modified_gmt":"2024-04-25T16:50:15","slug":"evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally","status":"publish","type":"post","link":"https:\/\/news.republicofgreen.com\/evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally\/","title":{"rendered":"EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally"},"content":{"rendered":"<div id=\"\">\n<p>EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the\u00a0International Energy Agency (IEA).<\/p>\n<p>Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, but data shows that sales are still growing, analysts found, with falling battery prices, EV-friendly policies, and increased sales in emerging markets underpinning further sales growth.<\/p>\n<p><span id=\"static-marker-video-player-primis\"\/><\/p>\n<div class=\"image_wrapper first_wrapper\">\n<p>Rivian R1T at Tesla Supercharger<\/p>\n<\/div>\n<p>That conclusion is based in part on record 2023 EV sales. Last year, EV market share reached 18%, up from 14% in 2022. Most (60%) were sold in China, followed by Europe (25%) and the U.S. (10%). But growth in other markets could further boost EV sales, analysts predict.<\/p>\n<p>Over 20 major automakers, representing 90% of global car sales&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally\"target=\"_blank\">Read full article originally published on www.greencarreports.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the\u00a0International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, [&hellip;]<\/p>\n","protected":false},"author":100,"featured_media":249624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[13],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally - Republic of Green News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally\" \/>\n<meta property=\"og:description\" content=\"EV sales are likely to continue growing in 2024, reaching around one in five new car sales globally, and 11% of the U.S. market, according to the\u00a0International Energy Agency (IEA). Tight profit margins, volatile battery raw material prices, and the phaseout of incentives in certain countries have led to concerns about an EV sales slump, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally\" \/>\n<meta property=\"og:site_name\" content=\"Republic of Green News\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T15:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T16:50:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.republicofgreen.com\/wp-content\/uploads\/2024\/04\/2024-tesla-model-y_100918922_h.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1140\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Green Car Reports\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Green Car Reports\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.republicofgreen.com\/evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally\/\"},\"author\":{\"name\":\"Green Car Reports\",\"@id\":\"https:\/\/news.republicofgreen.com\/#\/schema\/person\/8cde325f6d578ee034eea410b0a31273\"},\"headline\":\"EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally\",\"datePublished\":\"2024-04-25T15:15:00+00:00\",\"dateModified\":\"2024-04-25T16:50:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.republicofgreen.com\/evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally\/\"},\"wordCount\":158,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/news.republicofgreen.com\/#organization\"},\"articleSection\":[\"Green Vehicles\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.republicofgreen.com\/evs-set-for-11-of-2024-us-vehicle-share-1-of-5-cars-sold-globally\/\",\"url\":\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally\",\"name\":\"EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally - Republic of Green News\",\"isPartOf\":{\"@id\":\"https:\/\/news.republicofgreen.com\/#website\"},\"datePublished\":\"2024-04-25T15:15:00+00:00\",\"dateModified\":\"2024-04-25T16:50:15+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.greencarreports.com\/news\/1142976_evs-us-vehicle-share-1-of-5-cars-sold-globally#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/news.republicofgreen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EVs set for 11% of 2024 US vehicle share, 1 of 5 cars sold globally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.republicofgreen.com\/#website\",\"url\":\"https:\/\/news.republicofgreen.com\/\",\"name\":\"Republic of Green News\",\"description\":\"News about environmental movers &amp; 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