2023 car and commercial vehicle sales hit record highs, despite challenges, reaching over 90 million; India ranks 4th for light vehicles, EV sales expected to rise in US & China.
15 Best Selling Car Brands: Despite challenges such as electric vehicle sales decline, strikes in US factories, and supply chain issues, car and commercial vehicle sales hit record highs in 2023, reaching over 90 million. India became the fourth-largest market for light vehicles. Electric vehicle sales are expected to rise by 16% in the US and 11.1% in China for 2024. China leads in global electric vehicle sales with a 60% share.
March 17, 2024
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