More Than 1 in 4 Cars Sold Globally in 2025 Expected to Be EVs: IEA Report

More Than 1 in 4 Cars Sold Globally in 2025 Expected to Be EVs: IEA Report

According to the Global EV Outlook 2025 report from the International Energy Agency (IEA), 2025 is set to be big for EV sales. The report predicts that about one in four cars sold worldwide this year will be electric, despite overall market uncertainties. In total, the agency has anticipated that more than 20 million EVs will be sold globally in 2025. Based on the report findings, IEA reported that the EV market share is on track to pass 40% of …

Electric cars in Latin America reached a market share of 4% in 2024, as sales volumes continue to progress in the region with the boost of government incentives and the growing presence of relatively affordable vehicles manufactured by Chinese companies, according to a new report by the International Energy Agency (IEA).The participation of electric cars in the emerging and developing economies of Latin America, but also in Asia and Africa, almo…

2025 EV Sales Surge: Which Countries Are Winning the Electric Race?

Electric vehicle (EV) sales around the world have grown fast in recent years. In 2024, global electric car sales topped 17 million, representing over 20% of all new cars sold worldwide. That’s more than triple the number sold just 4 years earlier, according to the latest report by the International Energy Agency. The momentum continues into 2025, with EV sales expected to exceed 20 million, or more than one-quarter of all new vehicle sales globa…

Global EV Sales Surge Past 20%, Set to Top 40% of Market by 2030

Global electric vehicle (EV) sales hit a new milestone in 2024, surpassing 17 million units and accounting for over 20% of all car sales worldwide for the first time, according to the International Energy Agency’s (IEA) latest Global EV Outlook. The report forecasts EVs will capture more than 40% of global car sales by 2030, [...] The post Global EV Sales Surge Past 20%, Set to Top 40% of Market by 2030 — IEA appeared first on EVMagz.