More than one in four cars sold globally in 2025 will be electric, according to a report from the International Energy Agency.
The Global EV Outlook Report states that over 20% (17.5 million) of new cars sold in 2024 were electric, a rise of 3.5 million compared to 2023. The increase between 2023 and 2024 is greater than the total number of EVs sold globally in 2020.
Leading the global sales push, almost half of China’s car sales last year were reported to be electric, representing close to two-thirds of electric cars sold worldwide.
Europe maintained the same sales share in 2024 as the previous year due to large markets, such as Germany and France, seeing either stalling or decreasing in sales due to subsidies being halted or phased out.
The UK, however, was recognised for a near 6% share increase (from 24% in 2023 to almost 30% in 2024) across the 12-month period, with the report citing the increasingly stringent targets for manufacturers as the main reason for the rise.
The ongoing adoption of EVs globally continues to reduce oil demand, with oil displacement growing by 30% to over 1,300 barrels per day (mb/d) in 2024 – equivalent to Japan’s entire transport sector oil demand. By the end of the decade, it is predicted that EVs will displace over 5 mb/d of diesel and gasoline, with China’s EVs to account for half of displaced oil.
The benefits of global adoption of EVs are clear to see, and while we haven’t achieved the dramatic growth seen in previous years, the UK continues to make progress towards its net zero goal.
Helping fleets and drivers to make the transition to EVs, Motor Assist provides end-to-end incident management for both ICE and EV drivers. With expert bodyshops equipped to handle electric vehicles and its EV-for-EV guarantee for when drivers require a replacement car while theirs is being repaired, electric car drivers will receive a seamless service.
To support the transition, EValuate, the latest initiative from Motor Assist, allows ICE drivers in need of a replacement vehicle to try an EV for an extended real-world experience, to see if it would be viable for them in the future.
