According to automotive research firm Rho Motion, global electric vehicle (EV) sales are expected to surpass 20 million in 2025, reflecting an 18% year-over-year growth. This forecast includes both battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), with substantial sales anticipated from China (12.9 million units), Europe (3.5 million), and North America (around 2.1 million). The firm emphasizes that legislative changes in major markets will motivate this growth, particularly in the EU and the US. Despite challenges in some regions, the overall trend indicates a robust rise in EV adoption.
If 2024 was the year of elections, 2025 is the year of legislation. The EU is seeing emission targets come into place, Trump's presidency promises change for the US, and China continues the popular trade-in scheme.
Still, we anticipate a steady year of growth across all regions, with China continuing to lead the charge.
Rho experts also say that Europe's struggling market, which dropped 3 percent in 2024, is likely to see a bounceback in the coming months, as emissions targets come into play.
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