ELECTRIC VEHICLE (EV) manufacturers are facing new challenges as the market share for fully electric vehicles has retracted in 2024 for the first time since the data collection began, according to a report from the Alliance for Automotive Innovation. While the decline is minimal—just 0.1%—it signals a shift in consumer preferences. Despite this setback, traditional internal combustion engine (ICE) vehicles have experienced the largest drop in market share, losing 2.3% in 2024. Consumers are instead gravitating toward plug-in hybrid electric vehicles (PHEVs) and traditional hybrids, with market share increases of 0.3% and 2.2%, respectively.
EV market faces first decline as hybrids gain ground in 2024
Related
Latest News
Football
Mbappe ready for ‘special’ 100th cap for France at World Cup
Kylian Mbappé prepares for his 100th France cap as he continues chasing World Cup records and leads France vs Iraq
Football
Belgium held 0-0 by Iran as Ngoy sent off
Iran hold Belgium to a 0-0 World Cup draw as the Red Devils finish with 10 men and face possible group-stage elimination
Football
No pressure to pass to Portugal star Ronaldo: Conceicao
Francisco Conceicao defends Cristiano Ronaldo’s role as Portugal seek a crucial World Cup win after a disappointing opener.
Opinion
Struggling families we keep overlooking
A Pahang family’s plea reveals gaps in aid for special needs children, highlighting silent struggles across Malaysia.
World
Trump say repairs to begin ‘immediately’ for Washington pool renovation
Trump orders immediate repairs to Washington’s Reflecting Pool after peeling paint, algae growth and vandalism claims
World
Trump-backed candidate wins razor-tight Colombia presidential election
Abelardo de la Espriella wins Colombia's presidential runoff, pledging a hardline crackdown on guerrillas and crime
World
Iran-US talks to continue through the night
US and Iran hold overnight talks in Switzerland as tensions over Lebanon, nuclear issues and regional security threaten progress
Football
Mexican fans rally behind Iran as ‘our second team’ at World Cup
Mexican fans rally behind Iran at the 2026 World Cup, citing visa controversies and concerns over the team's treatment in the US
Crime
349 arrested in Selangor police operation
Police arrest 349 individuals including 39 wanted persons in four-day Ops Cantas Bersepadu across Selangor
People & Issues
Muda fields three more candidates for Johor polls
MUDA adds three candidates for Johor polls including Bukit Batu, Maharani and Simpang Jeram as party gears up for July 11 election
Most Viewed
Spotlight
MGBF Golden Quill Media Awards honours 17 media representatives
THE Malaysia Global Business Forum hosted the MGBF Golden Quill Media Awards in Kuala Lumpur on May 2, 2019, on the eve of World Press Freedom Day.
Sports
Ewan outsmarts Bennett to win Tour stage three as Alaphilippe retains lead
FRANCE: Australian Caleb Ewan (pix) timed his effort to perfection to win the third stage of the Tour de France in a bunch sprint at the end of a 198-km ...
News
OP Ambang Merdeka: Five nabbed for gambling
KUALA LUMPUR: Five men were arrested while they were playing poker at Jalan Penchala 7, Kampung Sungai Penchala early today. Brickfields Police chief ACP Zairul...
News
Police arrest Camry driver in hit-and-run viral video
KUALA LUMPUR: The police have arrested a car driver allegedly involved in a hit-and-run incident with a couple on a motorcycle at KM56.4 of the Kuala Lumpur-Kar...
World
Hong Kong starts mass virus testing as China distrust swirls
HONG KONG: Hong Kong started conducting mass coronavirus tests on Tuesday, a health scheme that has been swept up in the political debate dividing the city, whe...
