China has the fastest growth rate and leads in terms of market penetration rate in the electric passenger vehicle market. The U.S. market is the slowest growing, with the lowest cumulative sales total and relatively low market penetration. Europe is in the middle in terms of passenger EV stock, market penetration, and industry growth speed. The annual passenger EV sales in China, the United States, and Europe have distinct trends. China leads with the highest cumulative sales total, accounting for 47% of the global total. The U.S. market has the lowest cumulative sales total and relatively low market penetration. Europe is in the middle in terms of passenger EV stock, market penetration, and industry growth speed. The annual passenger EV sales in China, the United States, and Europe have distinct trends. China leads with the highest cumulative sales total, accounting for 47% of the global total. The U.S. market has the lowest cumulative sales total and relatively low market penetration. Europe is in the middle in terms of passenger EV stock, market penetration, and industry growth speed.
