BYD continued to lead light-duty EV sales in China and accounted for approximately one-third of all sales. Geely led among legacy automakers: Nearly 34% of its LDV sales were EVs, a 14-percentage-point increase from 2023. Compared with 2023, absolute PHEV sales in China nearly doubled, rising from 2.4 million to 4.5 million in 2024. The share of PHEVs among EVs in China rose from 31% in 2023 to 40% in 2024. In 2024, approximately 125,000 EVs were sold in India. This represented nearly 3% of the country’s LDV (four-wheeler) sales in 2024. MG doubled its EV sales share from 23% in 2023 to 47% in 2024. Stellantis and Tata Motors also increased their EV sales shares, from 15% to 22% and 10% to 11%, respectively. Mahindra’s EV sales share remained unchanged from 2023 at 1%. Major global automakers including Suzuki, Toyota, and Honda did not sell any EVs in India in 2024.
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