Global sales of fully electric and plug-in hybrid vehicles will rise by at least 17% this year to over 20 million cars, helped by an extension of China's auto trade-in subsidies, research firm Rho Motion forecast on Tuesday.

Norway is poised to become the world’s first country where nearly all new cars sold are electric, as per a CNBC report. In 2023, electric vehicles (EVs) accounted for 88.9% of the country’s total car sales,

EV sales are expected to grow by upwards of 15 percent across each of the major new vehicle markets in 2025, according to new research.