Global Electric Vehicle Outlook 2024

China increasingly subsidises electric vehicle producers, mirroring what happened in the solar panel industry where it has become a global leader thanks to massive state aid. Electric vehicle markets around the world are not all travelling in the same direction or at the same speed in 2024.

Global automakers are facing a weakening outlook for sales across major markets such as the u.s., while also juggling an expensive transition to electric vehicles. China increasingly subsidises electric vehicle producers, mirroring what happened in the solar panel industry where it has become a global leader thanks to massive state aid.