Global electric vehicle market monitor for light-duty vehicles in key markets, 2025 H1

This global market monitor analyzes the development of the electric vehicle (EV) market for light-duty vehicles (LDVs). It covers the major auto markets of China, Europe, the United States, and India, and selected emerging markets in the first half of 2025 (2025 H1).

Global EV sales reached over 9 million units in 2025 H1, representing 23% of all new light-duty vehicles sold worldwide—up from 19% in 2024. While this marks continued strong growth, the data reveals a striking reality: Markets with supportive policies are racing ahead, while others risk being left behind in the global competition for clean transportation leadership.

Figure. Light-duty EV sales share, number of EVs sold, and mix of BEVs and PHEVs across the four major markets, 2020 to 2025 H1

Key findings

• China extends its lead: 5.4 million EVs sold in 2025 H1, representing 47% of the country’s light-duty vehicle market and 72% of global EV production
• Europe maintains momentum: EV share increased to 23% in 2025 H1, up from 20% in 2024, supported by CO2 compliance frameworks
• U.S. shows warning signs: EV sales declined 15% compared with 2024 H1, while production share fell from 7% to 5% in 2025 H1
• India recorded a 3% EV sales share in 2025 H1, a slight increase from 2024, with nearly all EVs sold being battery electric vehicles and existing incentives contributing to market growth
• Emerging markets lead adoption: Vietnam achieved 35% EV sales share, Thailand reached 22%, and Tükiye hit 18%
• Policy drives success: Markets with clear targets and consistent policies show the fastest EV adoption and strongest domestic manufacturing