China Dominates Global EV Sales Growth in 2024

31 Dec 2024 CW Team

Global electric vehicle (EV) sales skyrocketed in the first half of 2024, with China driving nearly 80% of the growth. According to a report by the International Energy Agency (IEA), global EV sales hit over 7 million, a 25% increase compared to the same period in 2023. This surge brought the global share of EVs in the car fleet to a projected 5% by the end of the year.

China's dominance in the EV market is evident, with sales rising from over 3 million in 2023 to more than 4 million in the first half of 2024. While China remained the primary driver, other regions also saw strong growth. EV sales outside China grew by more than 10%, with Brazil, Indonesia, Mexico, and parts of the Middle East and Caspian regions experiencing notable gains.

However, the growth in developed markets was more mixed. The European Union saw flat sales, with Germany’s decline offset by a 3% increase in other EU countries. Meanwhile, the UK recorded a 15% rise in EV sales, and the US experienced a nearly 10% growth.

A key trend in the EV market is the rising popularity of plug-in hybrid electric vehicles (PHEVs), which now make up over 35% of total EV sales. China saw a remarkable 70% surge in PHEV sales, driven by range-extended electric vehicles (REEVs) that offer longer driving ranges—averaging 130 kilometers compared to 80 kilometers for standard PHEVs. In the US, PHEV sales grew by 25%, while battery electric vehicle (BEV) sales only increased by 5%.

The IEA highlights the importance of expanding recharging infrastructure to combat range anxiety and sustain the growth of the global EV market.

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..