EV Adoption is Exceeding Expectations Around the World
Global electric vehicle deployment has accelerated far beyond initial industry projections and forecasts. EV sales reached approximately 21 million units in 2025, reflecting impressive growth trajectories across all markets worldwide. Market penetration shifted dramatically from minimal shares to dominant positions spanning multiple continents. Early market resistance proved temporary and was ultimately overcome by price competition. While a negligible percentage of vehicles were electric technologies before 2020 generally, approximately 25% of new sales became electric models globally by 2025. Growth momentum accelerated further throughout 2025, with projections indicating roughly two-thirds of new vehicle purchases becoming electrified soon. 85 million of the 1.4 billion cars in operation today are now electric. China leads manufacturing…