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.
New battery types like LFP and sodium-ion are showing up, using materials that are easier to get and cheaper, moving away from cobalt and nickel. . Demand for electric vehicles and the batteries that power them has never been hotter. Some regions are seeing even higher uptake: In China, more than 50% of new vehicle sales last year were battery. . A small Finland-based startup claims to have made a big, solid-state battery breakthrough. Now, the industry is asking for proof. After assembling the first complete solid-state packs, they'll start going into development vehicles. 2026 North American Car/Truck/Utility of the Year Winners! Straview Research explains how, despite challenges such as costs and scalability, composite EV battery enclosures are. . The world of electric vehicles is changing fast. In some states, lawmakers are responding to the rise of high-powered, moped-like electric bikes by reaching for blunt instruments: licensing requirements, insurance mandates, registration schemes, and laws that. . Toyota is gaining confidence in bringing new battery technology to the electric vehicle market that could shake up the whole sector.
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Are electric cars more expensive to buy than ICE vehicles?
Recent industry data shows electric vehicles remain more expensive to buy than ICE vehicles in most segments, even if fuel and maintenance savings narrow the long-term ownership gap. Samuelsson's argument is that this upfront premium is temporary. According to him, manufacturing efficiencies and battery cost reductions will soon erase it.
It may simply be market math catching up. Volvo CEO Håkan Samuelsson believes the EV price gap is closing faster than many expect. Speaking to reporters in Stockholm, he said that “if you look five years ahead,” an electric car will “most probably be lower in cost than a combustion car,” The Drive reports.
Samuelsson has also argued that the United States remains an ideal market for EVs and plug-in hybrids, citing driving patterns and consumer appetite for technology. If battery prices continue to fall and manufacturing becomes more efficient, his five-year forecast may not be ambitious. It may simply be market math catching up.
Will removing redundant battery housings improve EV margins?
Eliminating redundant battery housings reduces material usage and assembly complexity. The goal is to bring EV margins closer to combustion vehicles like today's XC60, even if larger models such as the EX90 still trail their ICE counterparts in profitability. Battery chemistry will play a decisive role.
According to the EU Commission, which handles trade disputes on behalf of the 27 E. member countries, deals of Chinese-built electric cars leapt from 3. 9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting E. . Chinese manufacturers are expanding their footprint across Europe, accounting for roughly 7 per cent of market share in the first half of last year, up from around 2 per cent in 2022. Add CNA as a trusted source to help Google better understand and surface our content in search results. An investigation, which began in September 2023 and concluded in June 2024, by the EU's legal arm determined that the BEV value chain in China benefits from unfair subsidization—causing a. . The European Union is setting duties on imports of electric vehicles from China beginning from 30 Oct 2024 after discussions between Brussels and Beijing failed to find an agreeable solution to their trade conflict.
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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.
In July 2025, Mauritius implemented new rules for electric vehicle (EV) imports, increasing costs and removing prior incentives. Key changes include: Excise Duties Introduced: EVs up to 180 kW now face a 15% duty, while those above 180 kW are taxed at 25%. Previously, EVs were duty-free. The push towards electric mobility is driven by a combination of environmental concerns, government. . EVConsult EVConsult is a knowledge, consultancy and project management agency for electric mobility, and facilitates governments and companies in the transition to zero emission mobility. Ecosis Ltd Ecosis Ltd is a firm of sustainability consultants and social impact strategists. In addition, duty on hybrid motor cars has been brought down to 30 percentage points for all cylinder capacity. During his recent finance speech, Finance Minister Dr Renganaden Padayachy, announced their intention to allow electric and. .
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The Egyptian market is experiencing significant growth in electric vehicle adoption, with a notable presence of Chinese-made EVs on the roads. Brands like BYD, Geely, ZEEKR, and NIO are offering a range of models that are rapidly gaining popularity among Egyptians. (Xinhua/Ahmed Gomaa) CAIRO, July 27 (Xinhua) -- After years of using a gasoline-powered car, Poula Mounir, an electric vehicle (EV) seller in the. . After years of relying on a gasoline-powered car, Egyptian electric vehicle (EV) seller Poula Mounir made the switch to a Chinese-made EV, drawn by its superior technology and battery quality. Currently driving a Chinese BYD Song L SUV, Mounir expressed admiration for the quality of. . This report analyzes the current situation, key players, distribution, operators, national policies, and future development trends of Egypt's electric vehicle and charging market.
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