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.
In a remarkable development for the Vietnamese automotive industry, VinFast, the country's leading electric vehicle (EV) manufacturer, has announced impressive sales figures. In April alone, the company delivered 9,588 EVs to customers within Vietnam, pushing its total domestic sales to 44,691 units since the start of the year. The VF 3 and VF 5 models have been particularly successful, with the VF 3 maintaining its status as the best-selling model. Meanwhile, other models such as the VF 6 and VF 7 continue to perform strongly, while new offerings like the Herio Green and Nerio Green cater specifically to transportation services. Additionally, the introduction of the EB 6 electric bus highlights VinFast's commitment to sustainable urban mobility solutions.
Details on VinFast's Impressive Sales Performance
In the vibrant month of April, VinFast made significant strides in the Vietnamese market by delivering nearly 10,000 electric vehicles to eager customers. This achievement contributes to an impressive cumulative total of over 44,000 units sold domestically this year. Among these, the VF 3 has proven to be exceptionally popular, accounting for more than 15,000 deliveries thus far. Not far behind is the VF 5, which has garnered close to 14,500 sales. The VF 6 also demonstrated robust demand, reaching almost 6,000 units sold so far in 2025.
Beyond individual model success, VinFast unveiled two specialized vehicles—the Herio Green and Nerio Green—designed for efficient transportation services. Furthermore, the company launched the EB 6 electric bus aimed at enhancing student transport safety and sustainability. These developments underscore VinFast’s dedication to expanding its product range while promoting eco-friendly options tailored to various consumer needs.
With its continued innovation and focus on customer satisfaction, VinFast remains at the forefront of Vietnam's rapidly evolving EV market.
From a journalist's perspective, VinFast's accomplishments highlight the growing acceptance and preference for electric vehicles among Vietnamese consumers. As environmental concerns become increasingly prominent worldwide, companies like VinFast play a crucial role in driving the transition toward cleaner energy solutions. Their ability to innovate and adapt quickly positions them favorably in both local and international markets. This trend not only benefits the environment but also strengthens Vietnam's position as a leader in sustainable technology.
Amid the fierce rivalry in China's electric vehicle sector, domestic automakers are extending their reach globally to tap into emerging markets and elevate their brand profiles. The Gulf Cooperation Council (GCC), especially nations like the United Arab Emirates and Saudi Arabia, has become a focal point for this expansion. Chinese brands are making significant strides in these regions, establishing flagship outlets and collaborating with local entities. By 2030, projections indicate that Chinese manufacturers could capture 34% of the Middle East and Africa automotive market, up from 10% in 2024.
In recent years, Chinese carmakers have significantly increased their market share within GCC countries. In 2023 alone, they accounted for 12% of all new car sales across the region, marking a substantial rise compared to six years prior when their presence was minimal. The Gulf states present an appealing opportunity due to their commitment to reducing carbon emissions, coupled with high consumer purchasing power and a growing interest in sustainable technologies. However, despite securing initial commercial success, Chinese EVs still face challenges in achieving deeper market integration and establishing long-term local roots.
The strategic ambitions of Gulf nations are evident as they seek collaborations aimed at fostering domestic electric vehicle capabilities aligned with broader industrial diversification objectives. For instance, Abu Dhabi's substantial financial commitment to Nio underscores this vision. Additionally, regional policies such as the UAE’s Electric Vehicles Policy and Saudi Arabia’s National Industrial Strategy aim to promote local EV production. Yet, some Chinese EV companies remain more focused on other areas like Latin America, where markets offer larger populations, advantageous trade structures, and incentives for localized assembly.
While Brazil and Mexico witnessed impressive year-on-year growth rates in their EV sectors in 2024—90% and 70%, respectively—EV adoption in most Gulf states remains below 3% of total new car sales. This disparity influences strategic priorities among Chinese EV firms, leading them to weigh the benefits of investing in different geographic regions carefully.
Gulf nations continue to pursue partnerships designed to enhance local EV manufacturing capacities, reflecting their dedication to sustainable mobility solutions. Meanwhile, Chinese automakers must navigate complex decisions about resource allocation and market focus as they strive to balance immediate commercial opportunities with long-term strategic commitments.