Iea Bullish On Electric Vehicle Sales In 2024. While premium segment retail sales are down 13%—driven by tesla’s 22% decline—the mass market segment is up. Iea analysis based on data from ev volumes (2024) and the china passenger car association (2024).

Electric car sales neared 14 million in 2023, 95% of which were in china, europe and the united states. The electric vehicle (ev) market has boosted demand for commodities such as lithium and cobalt in recent years, making ev sales a good metric for evaluating the battery metals.