More than 1 in 4 Cars Sold Worldwide This Year Is Set to Be Electric as EV Sales Continue to Grow

More than 1 in 4 cars sold worldwide this year is set to be electric as EV sales continue to grow

Despite significant uncertainties, electric cars’ market share is on course to exceed 40% by 2030 as they become increasingly affordable in more markets, new IEA report shows Following another year of robust growth, global sales of electric cars are on track to surpass 20 million in 2025, accounting for over a quarter of cars sold worldwide, according to the new edition of the IEA’s annual Global EV Outlook. The report, out today, shows that de…

EV sales climb to record high as global prices drop and adoption expands

According to the International Energy Agency’s latest Global EV Outlook, sales of electric vehicles (EVs) are accelerating globally, despite trade pressures and market disruptions, including U.S. tariffs.  In 2024, more than 17 million EVs were sold worldwide, representing over 20% of all new vehicle sales- a 25% increase compared to the previous year. That momentum continued into early 2025, with first-quarter EV sales rising 35% year-over-year…