Global Surge in Electric Vehicle Sales Signals a Transformative Decade

The world is witnessing an unprecedented rise in the sale of electric vehicles (EVs), with projections indicating that over one in four cars sold globally this year will be electric. According to the International Energy Agency's (IEA) Global EV Outlook 2025, released on May 14, 2025, global sales of electric cars are set to exceed 20 million in 2025 after surpassing 17 million in 2024. The report predicts that by 2030, under current policy frameworks, EVs could account for more than 40% of all car sales worldwide. By the end of the decade, these vehicles may displace over 5 million barrels per day of diesel and gasoline consumption.
A Golden Era for Electric Mobility Emerges Across Continents
In the vibrant landscape of 2024, the global stock of electric cars reached nearly 58 million units, representing 4% of the total passenger car fleet. This milestone displaced over a million barrels of oil daily in the same year. Leading nations like China continue to dominate the electric car market, while emerging regions such as Asia and Latin America are quickly becoming new centers of growth. In 2024, electric cars accounted for almost half of all car sales in China, and sales in other emerging markets surged by over 60%, reaching nearly 600,000 units. Meanwhile, two- and three-wheelers remain the most electrified segment globally, with China, India, and Southeast Asia driving demand. Notably, India has overtaken China as the largest market for electric three-wheelers, thanks to robust policy support under initiatives like the PM E-DRIVE scheme.
By the end of this decade, the IEA anticipates that EVs will make up more than two-fifths of all cars sold globally, as affordability improves and adoption accelerates across diverse economies.
From a journalist’s perspective, this surge in electric vehicle adoption signals a pivotal moment in humanity's transition toward sustainable mobility. It underscores the critical role of government policies and technological innovation in shaping a cleaner future. As EVs become increasingly accessible, they offer hope for reducing greenhouse gas emissions and combating climate change on a global scale. This shift not only benefits the environment but also reshapes industries, creating opportunities for economic growth and job creation in emerging markets.