EV Sales Skyrocket, According To Study
The Electric Vehicle Outlook 2025 from BloombergNEF shows that about 25% of all new passenger cars sold this year will be EVs. Half of those will be sold in China. They include battery-hybrid and battery-electric cars.
One extremely weak market is the US. The report’s forecast shows, “Passenger electric car sales in the US rise from 1.6 million in 2025 to 4.1 million in 2030 in this year’s outlook, representing 27% of sales. This is significantly less than in our previous outlook and it results in cumulative EV sales between now and 2030 being 14 million units lower. “Â
There are several challenges. Among them is a lack of public charging stations. “The US requires annual public charging installations to more than triple over the next five years and increase more than eightfold between 2030 and 2034.”
A byproduct of the rise in EVs will be a sharp drop in oil demand. “By the end of 2026, an incremental 1 million barrels per day of oil will be displaced globally compared to 2024 – that is about the same amount as Malaysia consumes in total.”
If these forecasts are true, EV sales will start to meet expectations. That is, worldwide. It is worth remembering that the US plan was to have 50% of all new cars sold by 2030. Most large car companies had planned to sunset their gas-powered vehicle manufacturing completely. That will not be the case.
More from ClimateCrisis 247
- Wind And Solar Face Real Damage Under Trump Laws
- Europe Tesla Sales Plunge 40%
- There Are No Cheap Used EVs
- Toyota Says EV Drive Major Pollution
