Comparing it to the US isn’t really meaningful considering the EV market here is on life support.
Federal subsidies were eliminated. Funding for charging infrastructure and battery manufacturing was rolled back. ICE emission regulations were repealed. Individual states were barred from enforcing their own standards. EVs are down to 6% share of new vehicles sold.
Most domestic manufacturers have given up on EVs entirely and written off their investments. Tesla is the only one standing, and their US sales have also been falling for the last couple years.
Looking back 2024 is probably going to be the peak of the US EV market.
Federal subsidies were eliminated. Funding for charging infrastructure and battery manufacturing was rolled back. ICE emission regulations were repealed. Individual states were barred from enforcing their own standards. EVs are down to 6% share of new vehicles sold.
Most domestic manufacturers have given up on EVs entirely and written off their investments. Tesla is the only one standing, and their US sales have also been falling for the last couple years.
Looking back 2024 is probably going to be the peak of the US EV market.