Electric car sales to explode in 2025

© Dominic BRNKMN

The automotive market is preparing for a major transformation. S&P Global Mobility analysts have just published their forecasts for 2025, and the numbers are clear. Sales of electric vehicles are set to experience explosive growth. This progress comes at a time when the traditional automotive industry is showing signs of slowing down, with an anticipated 0.4% decline in global light vehicle production.

Europe and the United States leading the electric revolution

Europe is emerging as one of the drivers of this energy transition. Analysts predict a spectacular increase of 43.4% in sales of electric vehicles in Central and Western Europe. This increase will allow a market share of 20.4% to be reached by the end of 2025. This leap forward is explained in particular by the strengthening of environmental policies and the continuous improvement of charging infrastructures.

The United States is not far behind. The American market is expected to grow by 36% in 2025, bringing the share of electric vehicles to 11.2% of total sales. This significant increase comes despite the uncertainties related to federal tax credits and expected political changes. Mark Fulthorpe, executive director at S&P Global Mobility, however, points out that “the automotive industry continues to navigate uncertain terrain as we approach 2025, particularly with the anticipation of President-elect Trump’s universal tariffs.”

China consolidates its position as global leader

The Asian giant continues to dominate the global electric vehicle market. With a projected market share of 29.7% by the end of 2025, China remains the world's largest electric vehicle market. Paradoxically, it is also the market that will experience the lowest relative growth, with an increase of 19.7% compared to 2024. This situation is explained by the maturity already achieved by the Chinese market, which has taken a head start in recent years.

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Chinese production directly influences the global market. Of the 88.7 million light vehicles that will be produced in 2025, a growing share will be equipped with electric engines. Chinese manufacturers continue to invest heavily in developing new technologies and optimizing production costs, strengthening their dominant position on the international market.

India emerges as the new market with high potential

The real surprise comes from India. The subcontinent is set to experience phenomenal growth of 117% in its sales of electric vehicles.This explosion will allow a market share of 7.5% to be reached by December 2025. This spectacular progression can be explained by several factors: a favorable government policy, the emergence of a middle class sensitive to environmental issues and the multiplication of affordable electric vehicle offers.

International manufacturers are watching this booming market closely. India represents a unique development opportunity, combining a large population, sustained economic growth and a clear political will to reduce dependence on fossil fuels.

At the global level, these projections translate into impressive figures: 15.1 million electric vehicles are expected to be sold in 2025, compared to 11.6 million in 2024. This increase will bring the global market share of electric vehicles from 13.2% to 16.7%, marking a turning point in the history of the automobile.

• Global sales of electric vehicles will increase by 30% in 2025 according to the latest report from S&P Global Mobility
• China will maintain its dominance with nearly 30% market share
• India surprises with an expected growth of 117% in its sales

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