EV

China drives EV boom this year amid strong demand for hybrid vehicles

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New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. 

Nurphoto | Nurphoto | Getty Images

Electric vehicle sales have risen sharply this year, led by growth in China and a strong demand for hybrid vehicles in particular, according to a report from Counterpoint Research. 

The report, released Monday, showed that sales of EV units globally, including fully battery-powered vehicles (BEVs) and hybrids, were up 18% in the first three months of 2024 compared with the same period last year. 



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