Global electric vehicle sales brace for strong growth in 2025


(MENAFN) The global electric vehicle (EV) market is expected to continue its strong growth in 2025, with sales anticipated to surpass 20 million units. This marks an 18% increase compared to 2024, according to Rho Motion, a prominent EV research firm. The market's expansion comes amid significant changes in legislation and policies across key regions.

China remains the global leader in EV adoption, with sales projected to reach 12.9 million units in 2025, reflecting a 17% growth from the previous year. The country's dominance is strengthened by its active trade-in program for older vehicles, which sustains consumer demand. Additionally, Chinese manufacturers like BYD and Great Wall Motors are expanding internationally, setting up production plants in locations such as Brazil and Hungary.

The European Union is also playing a critical role in driving growth, with stricter emission standards now in place. Meanwhile, North America is adapting to policy shifts under the Donald Trump administration, which are expected to shape the market. Rho Motion's head of research, Iola Hughes, highlighted 2025 as a pivotal year for legislation, noting the EU’s new emission targets and China's ongoing support for EV adoption.

Despite the varied legislative approaches across regions, the global market is set for steady growth, with China continuing to lead the charge in EV sales and market expansion.

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