The electric car market could see substantial growth in 2025. Analysts are talking about a possible 30% increase in electric sales.
Even though sales of electric cars did not peak in 2024, analysts at S&P Global Mobility believe that will change in 2025, they report Carscoops.
Despite the reductions or elimination of state subsidies for purely electric cars, industry experts believe that their sales will not decrease, but will start to grow, unlike in 2024. For 2025, S&P Global Mobility analysts predict that the car market will experience a 30% increase.
Experts estimate that sales of battery-powered electric vehicles will reach 15.1 million units next year, taking their market share to 16.7 percent of global car sales. Although final figures are not yet available for 2024, the data estimates sales at 11.6 million electrics, giving them a 13.2% market share.
2025 could be a better year for electric car sales
Growth will vary dramatically from region to region, the study says, and will be influenced by many factors, including government policy, tariffs and incentives, plus, of course, the availability of adequate charging infrastructure.
In the US, electric vehicle sales are expected to grow 36% to 11.2% of the market, although much of the success depends on what President Donald Trump and his team have planned for tax credits and vehicle tariffs electrical for cars built outside the country.
China is currently the largest market for electric vehicles. It is expected that, by the end of the year, they will reach 30% market share. China’s electric vehicles are also expected to surpass those of thermal cars for the first time in 2025, surpassing the government’s goal of electric vehicles accounting for 50 percent of new car sales by 2035.
Source: www.promotor.ro
