New and much stricter requirements from the EU are helping to push the rollout of electric cars. In fact, the number of this type of car is expected to increase by millions.
Figures from S&P Global Mobility suggest that the number of electric cars sold globally will reach new heights in 2025. After a period of slowing growth, especially in Europe, electric car sales are expected to increase significantly.
In 2024, 11.65 million electric cars were sold worldwide. S&P Global Mobility predicts an increase to 15.1 million electric car sales in 2025, corresponding to 16.7 percent of the global car market.
This growth is attributed, among other things, to a 30 percent increase in battery production and sales. In Europe, the share of new electric cars is expected to reach 20.4 percent by 2025 – a growth of over 40 percent.
China is expected to have the highest share of electric vehicles with 29.7 percent, while the US lags behind with an expected share of 11.2 percent.
However, according to S&P Global Mobility, there are uncertainties associated with future developments.
– 2025 looks set to be extremely challenging for the automotive industry as key regional demand factors limit demand potential and the new US administration adds new uncertainty from day one.
"A key issue is how the 'natural' demand for electric vehicles fares as governments reconsider policy support," said Colin Couchman, managing director of global light vehicle forecasting for S&P Global Mobility.
The number of electric cars is also expected to increase in Denmark. Mobility Denmark predicts that there will be 1 million electric cars in Denmark by 2028.
– A strong public charging infrastructure is obviously a necessity for green road transport in Denmark.
– We are very pleased that the charging network has had growing pains this year and continues to increase gradually to support the increasing number of electric cars.
– It is important that the development does not stagnate, because our forecast predicts that the number of electric cars will increase rapidly, and it is crucial that the surrounding infrastructure is also included, says Allan Skytte Christensen, Chief Consultant at Mobility Denmark.
The development of the electric car market is thus characterized by both progress, decline and uncertainty. Political decisions and the global economy will play a decisive role in the success of the car type. Not just this year but up to 2035, when the EU will ban all other new cars.
But even though electric cars may be flooding in this new year, car brands are having huge problems with the cars that are already here. Millions of them can't be sold. Read more about it here .
