The Philippines electric vehicle market reached a size of USD 3. The market's growth is powered by increasing environmental awareness, advancement in charging infrastructure, and supportive regulatory. . The Philippine government has actively supported EV adoption through measures such as extending zero-tariff rates on battery electric vehicles and components until 2028, and aiming to bolster the domestic EV industry despite global trade tensions. This policy environment coincides with a rapid. . Per EVAP and the DOE, actual sales of 4-wheeled EVs almost tripled in 2024 to 3,880 units from 1,028 units sold in 2023—a 277. Of the three categories of EVs, battery electric vehicles (BEVs) accounted for about 75 percent (3,083 units), while hybrid electric vehicles (HEVs). . The Philippines Electric Vehicle (EV) Market is witnessing rapid growth as the nation accelerates its transition toward cleaner, more sustainable mobility solutions. Today, thanks to new technology, strong advocacy, and government policies, the EV industry is booming. With EV sales up by 25% and an expected 2.
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Plug-in electric vehicle (BEV and PHEV) sales was 15% of the overall automotive sales in China in 2021. NEV adoption rapidly increased to a record 28% in March 2022, and according to BYD chairman Wang Chuanfu could reach 35% by end of 2022, exceeding the government goal of 20% by 2025. The plug-in market in China was dominated by Chinese companies, with
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What is China's dominance in the electric vehicle market?
China's dominance in the electric vehicle (EV) market is underscored by its impressive growth, outpacing traditional automotive leaders like Germany and Japan. In 2023, China experienced an 82% surge in new EV sales, capturing nearly 60% of global EV purchases, surpassing early adopters like the U.S., Norway, and Scandinavian nations.
The market penetration of electric vehicles in China has experienced explosive growth, jumping from just 6.3% of total car sales in 2020 to approximately 48% in 2024. This remarkable transformation reflects not only changing consumer preferences but also the effectiveness of government policies and the rapid advancement of Chinese EV technology.
The financial scale of China's electric vehicle market is staggering. Revenue projections indicate the market will reach $377.9 billion in 2025, with steady growth expected to push this figure to $419.0 billion by 2029.
Will China's EV industry reshape the global car market?
Henner Lehne, vice president of competitive intelligence, market analysis, forecasting at S&P Global Mobility, said China's EV industry has become a "significant force" in reshaping the global car market. "Just a couple years ago the domestic car makers in China were not seen as true competitors to the established global car industry.
The Switzerland Electric Vehicle Market was valued at 39,663. 86% during the forecast period of 2024 to 2032. A total of 232,602 passenger cars were put on Swiss roads in 2025, said the FSO. For the sixth time in succession, Switzerland registered significantly fewer new car registrations than it did before the. . Switzerland's growing focus on sustainability and its well-developed charging infrastructure has led to a surge in the adoption of electric vehicles in the country. 8% on annual basis to reach US$3,885. According to TechInsight360, electric vehicle and charging infrastructure market in Switzerland. . In Q2, 1 in 5 newly registered cars in Switzerland was battery-electric – a clear sign that the transition is picking up speed. At the same time, a new study confirms that EVs can significantly cut costs, especially for high-mileage users. Discover key e-mobility trends shaping Switzerland and. .
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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. . An automobile powered solely by electricity stored in batteries is known as an electric car, battery electric car, or all-electric car. Electric vehicles emit fewer emissions overall, are quieter, and do not have an internal combustion engine (ICE). Due to lower fueling and maintenance costs. . Market Dominance Solidified: China's electric vehicle market has achieved unprecedented scale in 2025, controlling over 70% of global EV production with domestic sales exceeding 11 million vehicles in 2024, while market penetration has skyrocketed from 6. The market is moving towards Highly concentrated. The latest EV Volumes forecast shows global electrification entering a more measured but resilient phase, shaped by policy shifts, trade uncertainty, and. . Market Forecast By Propulsion Type (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Fuel Cell Electric Vehicles (FCEVs)), By Battery Type (Lithium-Ion Batteries, Nickel-Metal Hydride, Solid-State Batteries, Hydrogen Fuel Cells), By. .
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How did China influence electric car sales in emerging markets?
Policy support and relatively affordable electric car imports from China played a central role in increasing sales in some emerging electric vehicle (EV) markets, accounting for 85% of electric car sales in both Brazil and Thailand, for example.
The financial scale of China's electric vehicle market is staggering. Revenue projections indicate the market will reach $377.9 billion in 2025, with steady growth expected to push this figure to $419.0 billion by 2029.
The company already leads electric car sales in Brazil, Colombia, Ecuador and Uruguay. Part of China's success has been partnering with trusted local importers to offer more affordable models tailored to regional tastes, according to seven dealerships Reuters spoke to in Peru, Chile, Uruguay and Argentina.
The way these factors will play out in practice is uncertain, but on aggregate they look to pose risks for overall car sales volumes more than for the share of EVs. In China, continued political support and competitive EV prices suggest that EV sales can withstand such headwinds.
EV sales grew by 20% in 2025, with 20. 7 million electric vehicles sold worldwide. The European EV market grew the fastest, but China's EV sales were the highest by volume. . The Global EV Outlook is an annual publication that reports on recent developments in electric mobility around the world. The report draws on the latest data to assess trends in electric vehicle deployment. . The transition to electric cars knows no borders, but nations approach this shift with varying energy, strategies, and goals. In France, electrification of the vehicle fleet is progressing, driven by public incentives, growing demand, and gradual engagement from automakers. China's domestic EV manufacturing industry expanded to the point that price wars erupted and auto manufacturers had to turn to. . Global EV sales expanded strongly in Q3 2025, rising 32% YoY. A compound annual growth rate of 36. Incentives such as the ecological bonus of up to EUR 5,200, a EUR 1,000 supplement for European-sourced battery cells, and reduced road-tax bands. .
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Battery-electric vehicles reached 22. EV sales are on the rise in the UK, thanks in part to surging demand for vehicles from Chinese manufacturers such as BYD. . BYD sold a record 11,271 cars in the UK, up 880 percent. The European EV market grew the fastest, but China's EV sales were the highest by volume. China's domestic EV manufacturing industry expanded to the point that price wars erupted and auto manufacturers had to turn to. . Chinese brands have had more luck in the U. Faced with this challenge, Chinese EV makers are refocusing their. . Chinese electric vehicle giants are mounting an unprecedented assault on European markets, with industry analysts identifying the United Kingdom as their primary strategic beachhead.
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