BloombergNEF Electric Vehicle Outlook 2025
The Electric Vehicle Outlook is BloombergNEF’s annual flagship report examining the impact of electrification on road transport. Global sales of electric vehicles are expected to represent one in four cars sold in 2025, although some markets are experiencing a slowdown. Electrification is rapidly expanding to other areas of road transport, including buses, two- and three-wheelers, vans, and trucks.
Global EV Market Trends
- China dominates the global EV market, with over half of vehicles sold being electric.
- Sales in the US are slowing due to policy changes.
- Emerging economies like Vietnam, Thailand, and Brazil are experiencing rapid growth in EV adoption.
EV Charging Infrastructure
The number of charging points is increasing, but prices are rising in many markets. Each country will have its optimal mix of home, workplace, and public chargers.
Lithium-ion Battery Demand
Despite rising demand, there is significant overcapacity among battery manufacturers, driving prices down. Battery demand for stationary storage is also growing rapidly.
Key Findings
- 25% expected growth in global passenger EV sales in 2025
- 3.8TWh risk-adjusted lithium-ion cell manufacturing capacity by the end of 2025
- 39 million passenger EV sales expected in 2030
- 2.4x EV electricity demand growth from 2025 to 2030
The full report provides detailed analysis and projections for the EV market, including regional breakdowns and technology trends.
