The EV market continued its growth trajectory in September 2024, with registrations rising 1.3% compared to the same month last year, according to the latest report from the Automotive News Data Center.

This growth highlights the segment’s resilience, despite ongoing industry challenges, including supply chain issues that constrained production for companies like Rivian. Tesla also faced setbacks, contributing to slower growth relative to its competitors.

Even with these hurdles, the EV market outpaced the broader light-vehicle market, reinforcing its status as a significant driver of automotive innovation and consumer interest. Analysts note that the sector’s success is underpinned by increasing consumer demand for sustainable options and greater availability of new EV models.

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