Electric vehicles are being sold in large quantities worldwide including India. In view of this increasing demand in the market, many auto companies are launching electric cars, bikes and scooters with wide range and features. It is being said that by 2030, the market share of electric passenger cars will exceed 40%.
In 2024, a strong demand for electric vehicles was observed. Global sales of electric cars are expected to exceed 20 million by 2025, which will be more than a quarter of all the cars sold worldwide. A report found that although recent economic difficulties have put pressure on the auto sector, the global sales of electric cars remain strong. The biggest reason for this is that electric models are becoming increasingly economical for consumers.
EV in 2024 Global sales of more than 17 million, causing EV in the global auto market. The share will be more than 20% for the first time, as the first IEA. Had estimated. And in the first three months of 2025, the sale of electric cars will increase by 35% year-on-year. New sales records of the first quarter were seen in all major markets and many other markets.
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There is a good trend of electric vehicles in Asia
China It has retained its position as a leader in the market. The number of electric cars sold in China last year (more than 11 million) is equal to the total number of cars sold worldwide in 2022. Developing markets of Asia and Latin America have also become the new centers of development. The total electric car sales in these areas will increase by more than 60% in 2024, and the sales stake will be almost doubled to 4% from 2.5%.
There was a huge growth in 2024 in the sale of electric car (except China) in Asia, which was more than 40% compared to 2023.
The demand for electric passenger cars has increased in India, especially in the previous year. In the financial year 2024, 99,378 new electric cars were sold in the country, which is an annual growth of 20%.
Is the future of petrol and diesel cars in danger?
In view of the increasing demand of electric vehicles, now the question is being asked what will be the future of petrol and diesel cars. Actually, even though there is a demand for electric cars now, it will not affect petrol and diesel cars at the moment.