Global Electric Vehicle Sales Set for Record-Breaking Year, Even as US Market Slows Sharply, BloombergNEF Finds | BloombergNEF
BloombergNEF’s annual Electric Vehicle Outlook (EVO) expects nearly 22 million battery electric and plug-in hybrid vehicle sales this year, up 25% from 2024, as the cost of lithium-ion batteries falls and production of more affordable EV models ramp up. China accounts for nearly two thirds of those sales, followed by Europe at 17% and the US at 7%.