1、Electric Vehicle Sales Review Q2 2024Foresight to drive the industryJuly 2024Strategy&This publication has been developed in collaboration between Strategy&,PwCs global strategy consulting business,alongside PwC Autofacts Automotive industry and function experts.Together,we transform organizations b

2、y developing actionable strategies that deliver results.At PwC,our purpose is to build trust in society and solve important problems.Were a network of firms in 151 countries with almost 364,000 people who are committed to delivering quality in assurance,advisory and tax services.Find out more and te

3、ll us what matters to you by visiting us at .PwC refers to the PwC network and/or one or more of its member firms,each of which is a separate legal entity.Please see for further Strategy&Electric Vehicle Sales ReviewSource:PwC Autofacts analysis3Executive summaryHalf of vehicles sold inthe five larg

4、est European markets are electrified50%EV market share in the top 5European markets in Q2 2024Looking at the sum of sales in all 21 analysed markets,the electrified vehicle market share reached a new height.More than one in three vehicles(37%)sold in these markets in the second quarter of 2024 were

5、BEVs,PHEVs or hybrids,up from 30%in the equivalent quarter in 2023.Meanwhile,total EV sales grew by 21%in Q2 2024 vs.Q2 2023,while ICE sales fell by 9%in the same period.The direction of travel is clear.Much of the recent growth in all analysed markets can be put down to PHEV sales in China,up by 98

6、%in Q2 2024 vs.Q2 2023 to reach more than a million units sold in one quarter for the first time.This is far from the only measure of Chinas increasing strength in the global car market.Indeed,our Analyst Insights section details the surge in Chinese exports to Europe and the strengthening grip of C