Consumer spending on electric cars

RecordSTO-01M2HY9T5Y-8Q942ASAAP-R3YCE7

560 billionUSD
estimate

Global · 2024

Consumer spending on electric cars worldwide was 560 billion USD in 2024 (IEA).

Original source
Publisher
IEA
Authority tier
T1 Official
Locator
Trends in electric car markets - Government and consumer spending
Retrieved
14 Sep 2026
Status
Verified

What the source says

At the same time, total consumer spending on electric cars globally has grown continuously to reach USD 560 billion in 2024.

International Energy Agency, Global EV Outlook 2025, Trends in electric car markets - Government and consumer spending

Checked: the figure 560 billion USDis stated in this passage. If it does not match, the extraction is wrong and we want to know.

Cite this figure

APA

International Energy Agency. (2025). Global EV Outlook 2025. Retrieved September 14, 2026, from https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2. Via StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCE7

Other formats: MLA, Chicago, BibTeX
MLA
International Energy Agency. "Global EV Outlook 2025." 2025, https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2. Accessed 14 Sept. 2026 via StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCE7.
Chicago
International Energy Agency. "Global EV Outlook 2025." 2025. https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2. Accessed September 14, 2026. Cited from StatOrigin, https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCE7.
BibTeX
@misc{iea2025consumerr3yce7, author = {{International Energy Agency}}, title = {Global EV Outlook 2025}, year = {2025}, howpublished = {StatOrigin, https://statorigin.org}, url = {https://statorigin.org/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCE7}, note = {Original source: https://www.iea.org/reports/global-ev-outlook-2025/trends-in-electric-car-markets-2. Accessed September 14, 2026.} }

Data published under CC BY 4.0. The citation credits the original publisher and links to this permanent record.

Provenance and verification

Everything needed to check this number yourself, without taking our word for it.

Chain of custody
Record: STO-01M2HY9T5Y-8Q942ASAAP-R3YCE7 T1 Official

Primary source

Publisher
International Energy Agency · homepage ↗
Authority tier
Tier 1 · Multilateral Official
Report
Global EV Outlook 2025
Type
Report
Published
14 May 2025
Locator
Trends in electric car markets - Government and consumer spending
Retrieved
14 September 2026
Link status
Reachable (HTTP 200)
Report licence
CC by 4.0

Verification

Status
Verified
Review protocol
gemini-3.8-flash via evidence-audit-v1
Checked on
1 October 2026
Last revision
2 October 2026
Permanent URL
/stat/stat_01M2HY9T5Y8Q942ASAAPR3YCE7