Electric cars are getting cheaper, more efficient and can travel farther than ever. China is driving the transition, but Europe and other countries are catching up fast.
The global market for electric vehicles (EVs) is growing much faster than expected. In just six years, sales have increased tenfold, with around 21 million electric cars sold worldwide in 2025.
In 2019, EVs made up just 1% of new car sales globally
In 2025, that figure rose to 25%
By May 2026, 63% of new cars sold were electric
Of the world's 1.4 billion cars, 85 million are now electric
This rapid growth has been driven largely by China, which remains by far the largest market.
Global EV sales surged 20% in 2025 to 20.7 million vehicles, accounting for 25% of all global car sales.
Despite sluggish EV sales in the U.S., it’s full steam ahead for electric vehicles in most other regions.
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