E Mobility
Beyond the 17 Million Mark: How China’s Policy Shift and Europe’s Subsidy Stagnation Are Redefining Electric Mobility in 2025
The global electric car market crossed a historic threshold in 2024, with sales exceeding 17 million units and over 20% of new cars sold being electric. However, beneath the headline growth lies a complex split: China surged to almost 50% market share driven by aggressive trade-in subsidies, while Europe stagnated due to subsidy withdrawals in Germany and France. This article unpacks the hidden supply chain implications, the surprising rise of Plug-in Hybrids (PHEVs) and Extended-Range EVs (EREVs), and what the 1 million barrels per day oil displacement means for energy security. Based on the IEA’s Global EV Outlook 2025, we analyze how policy divergence is reshaping the race for electric mobility.