Global EV Market Poised for 30% Growth by 2025

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 76 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 51%

Automotive أخبار

Electric Vehicles,EV Market,Growth

Analysts predict a significant 30% growth in EV sales by 2025, led by battery-electric vehicles (BEVs). China is expected to reach a 30% market share with EVs exceeding ICE vehicle sales for the first time.

The global electric vehicle (EV) market is projected to defy skepticism, with analysts predicting a substantial 30% growth in sales by 2025. S&P Global Mobility anticipates that battery-electric vehicles (BEVs) will reach 15.1 million units sold, representing 16.7% of the global car market. This represents a significant jump from the estimated 11.6 million BEVs sold in 2024, which accounted for 13.2% of the market.

While some automakers have voiced concerns about waning demand for EVs, industry experts remain optimistic about the sector's future. The anticipated growth emphasizes the accelerating shift towards sustainable transportation, although the adoption rate will vary considerably across different regions. The rate of EV adoption is expected to diverge greatly across regions, influenced by factors such as government policies, incentives, and infrastructure development. For instance, in India, EVs are predicted to constitute only 7.5% of total vehicle sales in 2025. However, the country is experiencing rapid growth, with EV sales projected to increase by 117% year-on-year as it builds the foundation for electrification. In the United States, EVs are anticipated to grow by 36%, comprising 11.2% of the market in 2025. Much of this growth relies on the policies of President-elect Donald Trump, whose administration is expected to shape the future of EV tax credits and impose tariffs on imported vehicles. China, a global leader in EV adoption, is forecast to have nearly 30% of its automotive market dominated by electric cars in 2025. This milestone arrives as EVs are poised to outnumber internal combustion engine (ICE) vehicles for the first time. While growth in China's EV sector is moderating to 20% year-on-year, it remains a crucial market. However, analysts caution that an oversupply of models, fierce competition, and aggressive price wars may lead to the downfall of some domestic brands

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 25. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Mainland China’s Luxury Market Poised for Growth: Insights from MDRi’s 2025 Consumer ForecastHONG KONG SAR - Media OutReach Newswire - 13 December 2024 - MDRi, a leading provider of business insights, today released its China Luxury Consumer F...
مصدر: theSundaily - 🏆 25. / 51 اقرأ أكثر »

Will Thailand dethrone Singapore as global investment hub in 2025?Thomas and Ruth O'Brien were married for 66 years and had six children, including their Emmy-winning son.
مصدر: staronline - 🏆 4. / 75 اقرأ أكثر »