US EditionEV sales to continue growing despite trade uncertainty
- The International Energy Agency released its Global EV Outlook report on May 14, 2025, detailing global electric vehicle sales and trends.
- The report states that despite economic uncertainties and trade tensions, EV sales surpassed 17 million in 2024, with China accounting for over half of those sales.
- EV sales grew 35 percent globally in the first quarter of 2025, driven by affordability improvements, expanding markets in Asia and Latin America, and steady U.S. Growth despite stagnation in Europe.
- IEA Executive Director Fatih Birol highlighted the ongoing rapid growth in electric vehicle sales, emphasizing their significant impact on the global automotive sector, and projected that worldwide EV sales would surpass 20 million in 2025.
- The report suggests electric vehicles will represent more than 25 percent of global car sales in 2025, but notes price gaps, trade policies, and economic factors could influence future growth.
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Electric and hybrid will account for a quarter of the world's car sales in 2025, according to the Energy Agency
More than 17 million of these vehicles were sold worldwide in 2024, reports the IEA. They remain on a "strong growth path" in 2025 despite "significant uncertainties".
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EV Sales to Continue Growing Despite Trade Uncertainty, IEA Predicts
Uncertainty about trade and industrial policy triggered by U.S. tariffs won't derail growth in sales of electric vehicles , which should account for one in four cars sold this year, the International Energy Agency (IEA) said Wednesday. In its annual report on the outlook for the uptake of electric vehicles—a …
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