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Global EV Outlook 2025
May 20 , 2025
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- The Global EV Outlook 2025 was released by the International Energy Agency (IEA).
- Global sales of electric cars, which exceeded 17 million in 2024, are on track to surpass 20 million in 2025.
- The global stock of electric cars reached almost 58 million, or 4 per cent of the total passenger car fleet, at the end of 2024.
- They displaced over 1 million barrels a day (mb/d) of oil consumption that year.
- China, with its affordable models, dominated global electric car exports in 2024 with 40% share of global exports.
- In Thailand in 2024, the average price of a Chinese EV was lower than the average price of a conventional car.
- In Brazil, the Chinese electric car imports increased to reach 85 per cent of the country’s EV sales in 2024.
- In India, high import duties and the availability of local models limited Chinese EVs to less than 15% of the market share.
- The United States and Canada followed suit with tariffs exceeding 100%.
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