The source specifies that: "Government spending is the sum of direct central government spending through purchase incentives and foregone revenue due to purchase and registration taxes waived specifically for new electric cars. Only central government purchase support policies for electric cars are taken into account. Spending on charging is not included. Consumer spending is the total expenditure based on model price, minus government incentives. Values and trends may change slightly relative to previous publications following methodology improvements and better coverage of government support schemes."
Citation formats
Global spending on electric cars by consumers and government 2017-2024
Nearly *** billion U.S. dollars were spent on electric cars across the globe in 2024. Consumers made up just over ** percent of this spending. In contrast, while governments had increased their electric car spending, their share of the total funding remained under ** percent, impacted by the rollback of electric vehicle subsidies in some countries.Â
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IEA. (April 15, 2025). Electric car spending worldwide between 2017 and 2024, by consumers and government (in billion 2024 U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. "Electric car spending worldwide between 2017 and 2024, by consumers and government (in billion 2024 U.S. dollars)." Chart. April 15, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. (2025). Electric car spending worldwide between 2017 and 2024, by consumers and government (in billion 2024 U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. "Electric Car Spending Worldwide between 2017 and 2024, by Consumers and Government (in Billion 2024 U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 15 Apr 2025, /statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA, Electric car spending worldwide between 2017 and 2024, by consumers and government (in billion 2024 U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1312334/global-spending-on-electric-cars-by-spender/ (last visited July 27, 2026)
Electric car spending worldwide between 2017 and 2024, by consumers and government (in billion 2024 U.S. dollars) [Graph], IEA, April 15, 2025. [Online]. Available: /statistics/1312334/global-spending-on-electric-cars-by-spender/
