Is 2025 the year we plug in our motors? Researchers predict a global increase in the number of EVs by almost a fifth.
Rho Motion, forecasts another year of rapid growth in the electric vehicle market, it predicts global EV sales will rise 18% in 2025, surpassing 20 million units.
China remains the dominant force, while Europe braces for emissions fines and North America navigates shifting policies.
2025 EV Sales Forecasts vs. 2024:
- Global: 20 million+ (+18%)
- China: 12.9 million (+17%)
- EU & UK: 3.5 million (+15%)
- US & Canada: 2.1 million (+16%)
“If 2024 was the year of elections, 2025 is the year of legislation,” said Iola Hughes, Rho Motion’s Head of Research. “China’s grip on the global market isn’t going anywhere. Car manufacturers in the EU will be experiencing some sleepless nights as emissions targets come into effect and few are adequately prepared with billions of euros of fines on the line”.
Europe: regulation spurs growth
After a rocky 2024, Europe is set for a 15% rebound in sales as new emissions targets kick in. Automakers are launching smaller, affordable EVs to compete in the sub-€25,000 market. However, analysts warn that many manufacturers will still miss targets, facing up to €10 billion in fines.
China: global expansion accelerates
China’s EV giants are expanding overseas, with BYD and Great Wall Motors opening plants in Brazil and Hungary. At home, continued government incentives will drive further growth, pushing China past 50% EV market share.
North America: policy uncertainty, steady growth
Despite a shifting political landscape under Trump, 2025’s EV sales are expected to rise 16%. Long-term uncertainty remains, but the transition to electric is well underway.
With the EV market continuing to surge, 2025 is shaping up to be another landmark year for the industry.