• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, June 22, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Global EV sales set to surpass 20 million in 2025, driven by China and Europe

David Ijaseun by David Ijaseun
January 29, 2025
in Electric Vehicles, Premium
0
Global Electric Vehicle Sales
755
SHARES
8.3k
VIEWS
Share on FacebookShare on Twitter

Global sales of electric vehicles (EVs) are set to rise by 17% this year, surpassing 20 million units, according to research firm Rho Motion. The surge is fueled by China’s extended auto trade-in subsidies and Europe’s stricter CO2 emission targets.

China, the world’s largest EV market, is expected to see sales grow even faster than previously forecast, with an estimated 17% increase in 2025. Last year, EV sales in China jumped by a record 40%, reaching 11 million units.

READ ALSO

Tesla signs landmark deal for China’s largest grid-scale battery plant

Lucid vs. Rivian: The battle for America’s EV future heats up

Europe, the second-largest EV market, is also poised for growth. Rho Motion predicts a 15% rise in sales, up from 3 million EVs sold in 2024. Iola Hughes, Head of Research at Rho Motion, said, “Cheaper models and new emission targets will drive growth, though at a slower pace than 2023.”

However, carmakers in Europe still face risks. Despite pooling emissions credits, they could incur fines of up to €10 billion ($10.51 billion) for missing EU targets.

In the US, EV sales are expected to grow by 16% in 2025, despite policy changes under the Trump administration. Hughes warned, “Uncertainty has hit the US market, but the shift to electric vehicles is still very much happening.”

Emerging markets are also embracing EVs. Chinese-made vehicles dominated Latin America in 2024, capturing over 80% of the market, and are set to expand further in Asia-Pacific and other regions.

The global EV revolution shows no signs of slowing. As Hughes noted, “We will still see growth over the next decade, even with challenges ahead.”

Read more on Analysts predict lithium price rebound as China’s EV market soars

Tags: Chinese EVselectric vehicleEVHeadline

Related Posts

Tesla signs landmark deal for China’s largest grid-scale battery plant
News

Tesla signs landmark deal for China’s largest grid-scale battery plant

June 21, 2025
Lucid vs. Rivian: The battle for America’s EV future heats up
Electric Vehicles

Lucid vs. Rivian: The battle for America’s EV future heats up

June 19, 2025
Ferrari New 296 Speciale
Cars/SUVs

Ferrari builds new 296 Speciale to honour its Le Mans legacy

June 19, 2025
image source: Masonry
Cars/SUVs

Mansory unveils $1m convertible G-Wagen in collaboration with Alec Monopoly

June 19, 2025
Ferrari Second Electric Car
Electric Vehicles

Ferrari hits the brakes on second electric car, delays launch to 2028

June 18, 2025
Volkswagen tax in India
Business

Volkswagen to cut 20,000 jobs by 2030 in major restructuring

June 17, 2025
Next Post
From Lagos to Latin America: Moove acquires Kovi  in $275M expansion deal

From Lagos to Latin America: Moove acquires Kovi in $275M expansion deal

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Jackie Chan private jets

How Jackie Chan’s $50m jet fleet blends luxury, technology, and Chinese culture

March 23, 2025
Elon Musk Tesla CEO

Tesla shares jump as Musk pledges cheaper EVs, robotaxis

January 31, 2025
Tesla Belgium battery

Tesla lands $87m Belgium battery deal as clean energy demand surges

February 19, 2025
Honda Nissan merger talks

How Nissan’s pride and Honda’s impatience drove a $60bn merger to ruin

February 14, 2025

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Tesla signs landmark deal for China’s largest grid-scale battery plant
  • Heesen launches Sparta, its biggest yacht at 220 feet long
  • Lucid vs. Rivian: The battle for America’s EV future heats up
  • Tesla pauses Cybertruck and Model Y production to boost efficiency

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In