EV sales will exceed 25% globally in 2025
iea.org —
Global electric vehicle (EV) sales are projected to account for over 25% of all car sales worldwide in 2025, according to the International Energy Agency (IEA). This marks a significant increase in EV market share. The IEA's report indicates that global EV sales are on track to exceed 20 million this year, driven by increasing affordability and robust growth. Sales in 2024 surpassed 17 million, with China leading the market and emerging markets showing strong growth. The report also highlights that EVs are becoming more affordable, particularly in China, and that the market share is expected to exceed 40% by 2030. The IEA is also preparing a special report on the future of the global car industry.