S&P Global Mobility expects a 30% increase in global battery electric vehicle (BEV) sales for 2025, potentially leading to 15.1 million units sold.
Despite challenges in consumer demand and policy support, the growth in EV sales indicates a strong push towards electrification as markets adapt to new economic realities.
S&P Global Mobility anticipates significant regional variations in BEV market share, with the US, China, and Central/Western Europe expected to see differing growth rates.
Challenges such as charging infrastructure, battery supply chains, and necessary policy support from governments will significantly impact the EV sector's growth trajectory.
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