“Led by China, the cumulative growth in global EV sales

ill account for 48 percent of the global EV market with sales of roughly 4.8 million units. Subsequently, China’s market share is

estimated to drop to 26 percent by 2040 or 14.6 million EVs. However, it will still be the largest market in the world.

Data from United States-based industry research website EV Sales showed that in the first quarter of this year, global EV sales s

urpassed 500,000 units, up 58 percent year-on-year, and China accounted for almost half of the sales.

“Led by China, the cumulative growth in global EV sales has been a

stonishing. We estimate that global sales will jump from 2 million in 2018 to 28

million in 2030, and 56 million in 2040. Meanwhile, sales of traditional energy cars wi

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