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CloseGlobal Electric Vehicle Sales Data, Market Trends & Forecasts You Can Trust
Explore 2025 electric vehicle sales data, market trends, and forecasts. Get insights into EV models, BEVs, and charging infrastructure.
Global EV Outlook – December 2025 Update
The latest EV Volumes forecast shows global electrification entering a more measured but resilient phase, shaped by policy shifts, trade uncertainty, and technological evolution.
Global EV sales increased 25% in 2024 to 17.8 million units, lifting the EV share of the light-vehicle market to 19.9%. Growth was driven by strong momentum in China and accelerating PHEV adoption, while Europe and Northern America saw more moderate expansion.
For 2025, EV Volumes forecasts 23.7 million EV sales and a 25.5% market share, supported by resilient demand in China and non-Triad markets, alongside a stabilising outlook in Europe despite ongoing economic and political headwinds.
Looking ahead, EV Volumes are expected to rise to nearly 90 million units globally by 2040, accounting for 27.5% of sales in 2026, 43.2% by 2030, and over 83% by 2040. Northern America continues to lag the global adoption curve, while China remains the key growth engine.
Battery demand is forecast to exceed 1 TWh in 2025 and reach 6 TWh by 2040, driven by wider electrification and improving battery efficiency, which is enabling the rollout of smaller, more affordable EVs.
Despite rapid sales growth, fleet electrification is progressing slowly. Based on current assumptions, EV Volumes estimates that electric vehicles will only make up around half of the global light-vehicle fleet in the early 2040s.
Understand how regional trends, policy developments, and technology shifts are shaping the EV transition.
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