Story perspectives

Global EV Sales Soar to 10.8 Million in 2024

7/15/2025

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Summary

China Leads EV Surge

Global electric vehicle (EV) sales surged to 10.8 million in 2024, a significant increase from 8.7 million in 2023.
China dominated the market with 6.1 million EV sales.
U.S. EV sales saw a slight rise from 1.1 million to 1.2 million.
Challenges in battery production and reliance on Chinese imports drive U.S. investment in domestic capacity.
Federal funding uncertainties and tariffs hinder U.S. manufacturing, affecting job growth and production costs.

Summary

ISAM Development Stalled

ISAM technology development is stalled by a "chicken-and-egg" dilemma affecting user adoption.
Differing priorities between the U.S. government and industry hinder standardization and demand for ISAM.
Active satellites increased from 1,400 in 2015 to over 11,000 in 2025, with projections of 18,000 by 2030.
Policymakers are exploring options to improve ISAM, including serviceable satellite designs and clearer regulations.
NASA and DOD have invested over $2 billion in ISAM missions, alongside international initiatives.

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China Leads EV Surge

Global electric vehicle (EV) sales surged to 10.8 million in 2024, a significant increase from 8.7 million in 2023.
China dominated the market with 6.1 million EV sales.
U.S. EV sales saw a slight rise from 1.1 million to 1.2 million.
Challenges in battery production and reliance on Chinese imports drive U.S. investment in domestic capacity.
Federal funding uncertainties and tariffs hinder U.S. manufacturing, affecting job growth and production costs.

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