The EV Growth Story is Far From Over: 2024 Highlights and 2025 Outlook
BYD(BYDDY) ZACKS·2025-01-15 23:31
Last year, there was a lot of talk about declining electric vehicle (EV) sales, lower-than-expected adoption and various challenges in the e-mobility market. Many manufacturers even scaled back their ambitious electrification plans. But looking back, things weren't as bad as predicted. In fact, it turned out pretty well!Data shows that global sales of EVs and plug-in hybrid electric vehicles hit a record high in 2024, thanks to booming growth in China and other regions, which offset the weaker performance i ...