Global EV Outlook – July 2025 Update

With 60 new EV models added to our forecast, we continue to track the rapid evolution of the market. Global EV sales rose 25% to 17.8 million units in 2024 and are projected to reach 21.3 million in 2025 (24% market share), more than doubling to 40.1 million by 2030.

Regional Highlights:

• Europe: EVs are set to capture 25% of light-vehicle sales in 2025 and nearly 63% by 2030, driven by stricter CO₂ targets and new models.
• China: Already ahead of targets, EVs will exceed 51% of sales this year, supported by competitive pricing and incentives.
• North America: EV share is expected to dip below 10% in 2025 amid tariffs and weaker incentives, but could rebound to 22% by 2030.
• Emerging Markets: Uptake is accelerating across Asia and Latin America, though shares remain modest compared to global leaders.

Battery demand is forecast to surpass 1 TWh in 2025, highlighting the accelerating scale of electrification worldwide. 

Understand how macroeconomic forces are influencing EV adoption — and what it means for your strategy.

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• 1.How many electric vehicles have been sold monthly and where?

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• 2.Which vehicle and powertrain types does your data cover?

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• 3.Which countries do you cover in your datasets?

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• 4.How can I determine the developing trend of the electric vehicle market across the globe?

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• 5.Why automotive professionals use EV Volumes registration and forecast data

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• 1.How quickly will electric-vehicle registrations rise during the next five years and where?

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• 2.Up to how many years do you forecast electric vehicle sales?

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• 3.Which types of forecasts do you offer?

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• 4.Which electric vehicle models are expected to launch in the coming years?

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• 5.Who will be the market leader for electric vehicles in the next 5 years?

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• 1.What is the total demand for batteries in electric vehicles?

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• 2.Which cell chemistries are most common today and which ones will dominate in the future?

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• 3.Where shall I set up battery manufacturing facilities considering expected market growths?

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• 5.How often is your battery data updated?

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