The International Energy Agency (IEA) reports a booming growth in global electric vehicle (EV) sales, predicting over 20 million sales by 2025. This growth is led by China, where nearly half of car sales were electric last year. Emerging markets, particularly in Asia and Latin America, increased their EV sales by over 60%. While the U.S. market is growing steadily, European sales have declined amidst subsidy cuts. IEA executives highlight both the record-setting sale trends and the implications for the auto industry as EVs become more affordable and mainstream.
Our data shows that, despite significant uncertainties, electric cars remain on a strong growth trajectory globally. Sales continue to set new records, with major implications for the international auto industry. This year, we expect more than one in four cars sold worldwide to be electric, with growth accelerating in many emerging economies.
Almost half of all car sales in China last year were electric. Emerging markets in Asia and Latin America have also become new centers of growth, with total EV sales across these regions surging by more than 60 percent in 2024.
Collection
[
|
...
]