Global EV Outlook – October 2025 Update

The latest EV Volumes forecast update added more than 50 new EV models along with extensive refinements across platform, cell-supplier, and market assumptions, reflecting the continued evolution of global electrification.

Global plug-in vehicle sales rose 25% in 2024 to 17.8 million units, reaching a 19.9% share of the light-vehicle market. For 2025, EV Volumes projects 22.1 million sales and a 24% share, supported by resilient demand in China and emerging markets. Global volumes are expected to reach 40.7 million units by 2030, representing a 42% market share.

Regional Highlights:

• Europe: Despite weaker macroeconomic conditions and trade uncertainty, EV sales are forecast to rise 26.7% in 2025, capturing 26.2% of the market. New incentives, more affordable models, and stricter CO₂ targets continue to drive uptake.
• China: The market remains a powerhouse, with EVs set to reach 51.6% of light-vehicle sales in 2025 and 73% by 2030, driven by competitive pricing, expanded PHEV offerings, and strong BEV momentum.
• North America: The EV share will hold around 10% in 2025 and 2026, constrained by tariffs and the withdrawal of EV tax credits, but is forecast to rebound as new models enter the market later in the decade.
• Emerging Markets: EV adoption continues to accelerate, reaching 6.7% in 2025, led by policy support in countries such as India, Thailand, and Indonesia.

Battery demand is forecast to surpass 1 TWh in 2025, doubling to 2.3 TWh by 2030 as global electrification scales and more efficient battery packs become widespread. 

Understand how global economic shifts, policy changes, and new model rollouts are shaping the EV transition 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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• 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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• 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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