Electric Vehicles Set to Capture 25% of Global Car Sales in 2025
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📰 The quick summary: Electric vehicle sales will reach one-quarter of all cars sold globally in 2025, demonstrating significant growth in sustainable transportation despite market uncertainties.
📈 One key stat: More than 20 million electric vehicles are projected to be sold worldwide in 2025, putting EVs on track to represent over 40% of all car sales by the end of the decade.
💬 One key quote: “This year, we expect more than one in four cars sold worldwide to be electric, with growth accelerating in many emerging economies,” IEA Executive Director Fatih Birol said in a statement.
1️⃣ The big picture: The global electric vehicle market is experiencing remarkable growth, with EVs projected to account for one in four cars sold worldwide in 2025. According to the International Energy Agency’s Global EV Outlook 2025 report, over 20 million electric vehicles will be sold globally this year despite market uncertainties. China leads this transition with nearly half of all cars sold there being electric last year, surpassing total global EV sales from just two years prior. The rapid adoption is driven by declining battery costs, competitive pricing in many markets, and supportive government policies across different regions.
2️⃣ Why is this good news: The increasing adoption of electric vehicles represents a significant step toward reducing transportation emissions and combating climate change. EVs remain economically advantageous in many markets – particularly in Europe where charging at home remains cheaper than gasoline even if oil prices drop to $40 per barrel. Global sales have already increased 29% in the first four months of 2025 compared to 2024, showing strong consumer interest in cleaner transportation options. As EVs become more affordable and accessible, particularly in emerging economies, more drivers can participate in this sustainable transportation revolution.
3️⃣ What’s next: The EV market is expected to continue its expansion, reaching more than 40% of global car sales by the end of the decade. Countries will need to address market-specific challenges, such as tariff uncertainties in the US. Emerging economies are poised for accelerated growth as EVs become increasingly affordable and accessible.
Read the full story here: EcoWatch – More Than 1 in 4 Cars Sold Globally in 2025 Expected to Be EVs: IEA Report
