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Israel's electric vehicle (EV) market experienced a remarkable growth in recent years, with the Chinese manufacturer, BYD, emerging as a brand leader. The newcomer registered nearly * new cars in 2024. Tesla and MG were the second and third most popular car brands, registering about and new cars, respectively. According to the source, ** different EV brands sold cars in the Israeli market that year.

Chinese brands dominate amid market growth

The surge in EV popularity has reshaped Israel's automotive landscape. By the end of 2024, the country's EV fleet grew by about 70 percent year-on-year, reaching over ** vehicles. Chinese manufacturers led this transition, accounting for over ** percent of all new EV registrations. Despite the EV boom, traditional gasoline-powered vehicles from Japanese and South Korean brands continue to dominate overall car sales, with Toyota, Hyundai, and Kia holding the top three positions in new passenger vehicle registrations.

Hybrid vehicles are losing ground to EVs

While EVs are growing in popularity, hybrid vehicles remain a more common sight on Israeli roads. By the end of 2024, the total number of hybrid vehicles reached over **, reflecting a significant slowing in growth from the previous year. As EVs brand gain recognition among local buyers, the growth rate of hybrid vehicles has moderated. This trend suggests the future of Israeli transportation is moving towards full electrification.