There were about 40.5 million electric vehicles in operation worldwide in 2023. That year, all-electric vehicles accounted for about 69.6 percent of plug-in electric vehicles. Electric vehicle market growth Globally, electric vehicle sales soared to approximately 13.7 million units in 2023. While conventional vehicle sales slumped amid the outbreak of the coronavirus pandemic, the market share of electric vehicles increased to between four and five percent in 2020, and has been rising ever since. China was the market with the largest battery electric vehicle fleet in 2023, accounting for around 16 million of the world's battery electric vehicle population. Manufacturers leading the Chinese market Leading the Chinese battery electric vehicle market in 2023 was domestic manufacturer BYD. The company has been acknowledged for its innovation in battery technology. BYD also began manufacturing vehicles in foreign countries in 2015. Tesla. BYD's main competitor on the global market, was the second most popular BEV manufacturer in China.

There were about 58.1 million electric vehicles in operation worldwide in 2024. That year, all-electric vehicles accounted for about 67.2 percent of plug-in electric vehicles. Electric vehicle market growth Globally, electric vehicle sales soared to approximately 17.3 million units in 2024. While conventional vehicle sales slumped amid the outbreak of the coronavirus pandemic, the market share of electric vehicles increased to between four and five percent in 2020, and has been rising ever since. China was the market with the largest battery-electric vehicle fleet in 2024, accounting for around 23 million of the world's battery-electric vehicle population. Manufacturers leading the Chinese market Leading the Chinese battery-electric vehicle market in 2023 was domestic manufacturer BYD. The company has been acknowledged for its innovation in battery technology. BYD also began manufacturing vehicles in foreign countries in 2015. Tesla. BYD's main competitor on the global market, was the second most popular BEV manufacturer in China.