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Cumulative Global EV Sales Hit 4 Million

Cumulative passenger EV sales were set to hit 4 million a few weeks ago, according to Bloomberg New Energy Finance (BNEF). This includes battery electric passenger vehicles and plug-in hybrid passenger vehicles.

The time needed to reach each consecutive million EVs sold has shrunk from 17 months for the second million to 6 months for the fourth million.

China played a major role in reaching this milestone, and is responsible for around 37% of passenger EVs sold around the world since 2011 and for about 99% of the e-buses.