25% of new cars sold globally in 2025 were EVs – here's who bought them
a month ago
- #Emerging Markets
- #Sustainable Mobility
- #Electric Vehicles
- More than 25% of new cars sold globally in 2025 are electric, driven by emerging markets.
- 39 countries now have EVs making up over 10% of new car sales, up from just four in 2019.
- ASEAN countries like Singapore, Vietnam, Indonesia, and Thailand are leading in EV adoption.
- Emerging markets are now leading the shift to electric mobility, surpassing traditional leaders like the UK and EU.
- Latin American countries such as Uruguay, Mexico, and Brazil are showing steady growth in EV adoption.
- Chinese EV exports are increasingly going to non-OECD markets like Brazil, Mexico, UAE, and Indonesia.
- EVs are significantly reducing fossil fuel demand, with Brazil seeing a 90% cut and Indonesia nearly half.
- The decline of ICE vehicles is impacting oil revenues, especially in early adopter markets.
- EVs are becoming more cost-effective, leading to price parity and eventual dominance over ICE vehicles.
- Emerging markets' choices on charging infrastructure will shape the future of the global car market.