The automotive market is preparing for a major transformation. S&P Global Mobility analysts have just published their forecasts for 2025, and the figures are clear. Electric vehicle sales are poised for explosive growth. This progression comes in a context where the traditional automobile industry is showing signs of slowing down, with an anticipated drop of 0.4% in global production of light vehicles.
Europe and the United States leading the electric revolution
Europe is establishing itself as one of the drivers of this energy transition. Analysts predict a dramatic 43.4% increase in electric vehicle sales in Central and Western Europe. This progression will make it possible to reach a market share of 20.4% by the end of 2025. This leap forward can be explained in particular by the strengthening of environmental policies and the continuous improvement of charging infrastructure.
The United States is not left out. The US market is expected to grow by 36% in 2025, bringing the share of electric vehicles to 11.2% of total sales. This significant increase comes despite uncertainties related to federal tax credits and expected policy changes. Mark Fulthorpe, executive director at S&P Global Mobility, points out, however, that “the auto industry continues to navigate uncertain terrain as we approach 2025, particularly with the anticipation of President-elect Trump’s universal tariffs. »
China consolidates its position as world leader
The Asian giant continues to dominate the global electric vehicle market. With a projected market share of 29.7% by the end of 2025, China undoubtedly remains the largest electric vehicle market in the world. Paradoxically, it is also the market which will experience the lowest relative progress, with an increase of 19.7% compared to 2024. This situation can be explained by the maturity already reached by the Chinese market, which has taken a length of progress in recent years.
Chinese production directly influences the global market. Of the 88.7 million light vehicles that will be produced in 2025, a growing share will be equipped with electric engines. Chinese manufacturers continue to invest massively in the development of new technologies and the optimization of production costs, strengthening their dominant position in the international market.
India emerges as the new market with high potential
The real surprise comes from India. The subcontinent is poised to witness a phenomenal 117% growth in electric vehicle sales. This explosion will make it possible to reach a market share of 7.5% by December 2025. This spectacular progression can be explained by several factors: favorable government policy, the emergence of a middle class sensitive to environmental issues and the multiplication of affordable electric vehicle offers.
International manufacturers are carefully watching this growing market. India represents a unique development opportunity, combining a large population, sustained economic growth and a clear political will to reduce dependence on fossil fuels.
At the global level, these projections translate into impressive figures: 15.1 million electric vehicles are expected to be sold in 2025, compared to 11.6 million in 2024. This increase will increase the overall market share of electric vehicles from 13.2% to 16.7%, marking a decisive turning point in the history of the automobile.
- Global sales of electric vehicles will increase by 30% in 2025 according to the latest report from S&P Global Mobility
- China will maintain its dominance with nearly 30% market share
- India surprises with expected growth of 117% in sales
