Contrary to popular belief, EV sales growth continued to accelerate in 2025
Key Points:
- In 2025, global electric vehicle (EV) sales reached 20.7 million, a 20% increase over 2024 and a new record, with sales rising in most regions except North America, which saw a 4% decline.
- Despite widespread media claims and automaker lobbying suggesting EV sales were slowing, the annual increase in EV sales units has actually accelerated, with a 3.6 million unit rise in 2025 compared to 3.5 million in 2024.
- Sales of internal combustion engine vehicles continue to decline globally, down about 25% from their 2017 peak, signaling a long-term market shift away from gas cars toward EVs.
- Western automakers have responded