Global Electric Vehicle Outlook For 2024. Electric vehicle markets around the world are not all travelling in the same direction or at the same speed in 2024. In the next four years, electric car sales grow at an average of 21% per year in the economic transition scenario, compared to the average of 61% between 2020 and 2023.

The study estimates that announced global battery production capacities for electric vehicles exceed demand through 2030. The report includes analysis of lessons learned from leading markets, providing information for policy makers and stakeholders on policy frameworks and market systems that.