E Mobility
Global EV Sales Hit 20 Million in 2025: IEA Outlook Reveals Shifting Dynamics and What It Means for the Future of Mobility
Based on the IEA Global EV Outlook 2026, global electric car sales exceeded 20 million in 2025, capturing 25% of new car sales. Battery electric vehicles (BEVs) regained share after a two-year decline, while China remained the dominant market despite slowing growth. Europe rebounded sharply, but the U.S. stagnated below 10%. This article goes beyond the headlines to uncover the hidden economic logic: the recalibration of supply chains, policy-driven demand shocks, and the emergence of ‘third-market’ accelerators. It explores what these trends mean for battery mineral demand, manufacturing overcapacity, and the pace of electrification in emerging economies.
