The International Energy Agency's (IEA) Global EV Outlook 2025 reports a significant rise in electric vehicle (EV) adoption, with sales expected to surpass 20 million units in 2025, accounting for over 25% of global car sales. This growth is driven by advancements in affordability, infrastructure, and supportive policies, though regional disparities and policy uncertainties remain.

Key Points:

• Global EV sales are projected to exceed 20 million in 2025, representing more than a quarter of all car sales worldwide. China leads this surge, with electric cars expected to constitute around 60% of its total car sales, bolstered by continued incentives and decreasing vehicle prices. 
• The expansion of EVs has significantly impacted oil demand, displacing approximately 1.3 million barrels per day in 2024. This shift underscores the role of EVs in global efforts to reduce reliance on fossil fuels. 
• Public charging infrastructure has seen substantial growth, with over 1.3 million public charging points added globally in 2024, marking a 30% increase from the previous year. China accounts for about two-thirds of this growth, highlighting its commitment to supporting EV adoption. 
• Regional disparities persist, notably in the United States, where EV market share is projected to reach 11% in 2025. This is attributed to policy rollbacks and limited availability of affordable models, contrasting with stronger growth in emerging markets and continued expansion in Europe. 
• The global EV fleet is expected to more than triple by 2030, with electricity demand from EVs increasing over fourfold to 780 TWh. This surge necessitates significant investments in grid infrastructure and highlights the importance of continued policy support to sustain growth.