Global sales of 100% electric and plug-in hybrid vehicles are expected to increase by about 17% in 2025, reaching over 20 million cars, benefiting from vehicle exchange incentives in China.
The data comes from the research company “Rho Motion,” revealed by “Reuters,” which also indicates that Europe, the second largest electric vehicle market in the world, will return to growth with the implementation of new CO2 emission targets, although a slower sales growth rate is expected compared to that recorded in 2023.
Thus, forecasts indicate an overall sales growth of 15% in Europe, compared to the 3 million electric vehicles sold last year.
Iola Hughes, head of the “Rho Motion” research, also revealed that the automotive industry is viewing the year 2025 as challenging, considering the introduction of new emission targets in Europe to encourage the adoption of electric vehicles, at a time when China is extending subsidies for the purchase of electric models, and the U.S., under the new president Donald Trump, is strongly focusing on promoting combustion engine vehicles, thereby reducing its electrification targets.
However, “Rho Motion” forecasts a 16% growth in electric vehicle sales in the U.S. in 2025, with limited impact from Trump’s policy changes, but expects that these changes will have long-term consequences, including a 47% drop in demand for batteries for electric vehicles by 2040 in the worst-case scenario.
