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Tesla Model Y Tops China Sales as Global EV Market Grows 25%
Research firm Rho Motion reported on Jan 14 that global sales of electric vehicles (EV) and plug-in hybrid vehicles (PHEV) hit record 17.1 million units in 2024, a 25% increase compared to the previous year. A 40% leap in China sales, driving 11 million units, offset declines in Europe. As BYD (BYDDF, Financial) sells over…