Electric Vehicle Statistics 2026
By Axis Intelligence Research
Co-author: Aidan Jad, Digital Finance Specialist | Last updated: June 29, 2026 | License: CC BY 4.
Quick Answer:
Global electric vehicle sales exceeded 20 million units in 2025 — one in four new cars sold worldwide was electric. The global EV fleet now displaces 1.7 million barrels of oil per day. According to Axis Intelligence Research analysis of IEA and BloombergNEF data, the electric vehicle transition reached an inflection point in 2025 that no single prior report captures in aggregate: the first year BEV pack prices stayed below $100/kWh, the first year China cleared 55% EV market share, and the first year electric trucks exceeded 400,000 global sales.
Key Findings
- Global EV sales grew 20% in 2025 to exceed 20 million units, with one in four new passenger cars sold worldwide being electric, according to the IEA’s Global EV Outlook 2026.
- The global EV fleet displaced 1.7 million barrels of oil per day in 2025, up from 1.3 million barrels in 2024 — a 31% increase confirmed by Axis Intelligence Research from IEA Global EV Outlook 2026 data.
- BEV battery pack prices averaged $99/kWh in 2025, the second consecutive year below the $100/kWh cost-parity threshold, per BloombergNEF’s 2025 Lithium-Ion Battery Price Survey.
- Electric truck sales more than doubled in 2025 to exceed 400,000 units globally, with electric trucks reaching 9% of all truck sales worldwide — a figure IEA calls “surpassing the EV sales share for buses and light commercial vehicles.”
- BloombergNEF projects 23.3 million passenger EV sales in 2026, an 11% rise from 2025, with 27% of all cars sold globally expected to be electric by year-end.
Global Electric Vehicle Sales Statistics 2025
In 2025, the global passenger EV market crossed a threshold that looked distant just four years ago: one in four new cars sold was electric. That’s not a sales share projection — it’s the number IEA published in its Global EV Outlook 2026, released May 20, 2026, drawing on registration data from every major market.
| Year | Global EV Sales (million) | EV Share of New Car Sales | Source |
|---|---|---|---|
| 2020 | ~3.0 | ~4% | IEA |
| 2021 | ~6.6 | ~9% | IEA |
| 2022 | ~10.2 | ~14% | IEA |
| 2023 | ~14.0 | ~18% | IEA |
| 2024 | ~17.1 | ~20% | IEA |
| 2025 | >20.0 | ~25% | IEA |
The fifth consecutive year of adding roughly 3.5 million net new EV sales. That’s the pattern IEA identifies, and it’s more significant than the headline number because it tells you the curve is linear where most transitions go exponential — which means the step-change hasn’t happened yet in most markets.
Electric Vehicle Sales by Region 2025
China remained the largest single market, but 2025 introduced a rebalancing that matters. China’s sales growth slowed slightly (below 20%, down from 75% annual growth between 2020 and 2024) while Europe’s accelerated sharply — up more than 30% to 28% of total sales, the highest share among major markets.
| Region | 2025 EV Sales (approx.) | EV Market Share | YoY Growth | Source |
|---|---|---|---|---|
| China | >13 million | ~55% | <20% | IEA Global EV Outlook 2026 |
| Europe | >4 million | ~28% | >30% | IEA Global EV Outlook 2026 |
| United States | ~1.8 million | ~9–10% | ~–2% | IEA Global EV Outlook 2026 |
| India | 2.3 million (all EVs) | N/A (all-EV) | >75% | IEA Global Energy Review 2026 |
| Southeast Asia | N/A | ~20% | >100% | IEA Global EV Outlook 2026 |
| Latin America | N/A | N/A | ~75% | IEA Global EV Outlook 2026 |
The US decline deserves a closer read. Sales didn’t collapse; they fell about 2% for the full year. But the trajectory inside 2025 was telling: record Q3 sales as buyers pulled forward purchases ahead of the EV tax credit expiration, then a significant drop in Q4 after credits ended. The annual number hides a market that functionally bifurcated in September.
Europe’s 30%+ surge is the story most media missed. It wasn’t spontaneous — the EU CO2 standards for passenger cars tightened in 2025, and manufacturers who had been slow-walking compliance in 2024 accelerated production and discounting to avoid penalties. Norway hit 96% BEV share of new car sales. That’s not a transition; that’s a completed market.
China Electric Vehicle Statistics 2025
More than 13 million electric cars were sold in China in 2025 — more than total global EV sales just two years earlier. Monthly EV share exceeded 50% in 11 out of 12 months of 2025. BYD, CATL’s supply network, and the trade-in subsidy program drove the bulk of the volume.
One number Axis Intelligence Research flagged in cross-referencing IEA and BNEF data: Chinese automakers now supply 60% of electric cars sold globally. European and North American automakers each account for about 15% of global supply. That’s a supply chain reality, not just a domestic market story. Any tariff escalation in 2026 hits 60% of global EV supply at source.
Electric Vehicle Battery Cost Statistics
The $100/kWh threshold matters because it’s the level at which, under certain conditions, the total cost of ownership of a BEV becomes competitive with an equivalent ICE vehicle in major markets. BloombergNEF’s 2025 Lithium-Ion Battery Price Survey first confirmed BEV packs broke that barrier in 2024. In 2025, they held below it again.
I’ve watched this number for five years. The $100 threshold shifted from “aspirational target” to “current reality” faster than most analysts expected, and the 2025 survey is the first one where the industry absorbed a genuine materials cost spike — cobalt export quotas from DRC, lithium volatility — without prices reversing. That tells you something real about manufacturing maturity.
| Battery Segment | 2025 Average Pack Price ($/kWh) | 2024 Price | YoY Change | Source |
|---|---|---|---|---|
| All segments (global average) | $108 | ~$118 | –8% | BloombergNEF |
| BEV packs (transport) | $99 | ~$97 | ~+2% | BloombergNEF |
| LFP (all segments) | $81 | N/A | N/A | BloombergNEF |
| NMC (all segments) | $128 | N/A | N/A | BloombergNEF |
| Stationary storage | $70 | ~$127 | –45% | BloombergNEF |
| China (all segments) | $84 | ~$97 | –13% | BloombergNEF |
The BEV pack number ($99/kWh) actually ticked up slightly from 2024’s $97/kWh. BloombergNEF attributes this to the heavier materials cost pressure landing disproportionately on EV chemistries — which still use more cobalt and nickel — compared to stationary storage, which has almost completely migrated to LFP. The headline average ($108/kWh across all segments) fell 8%, masking a more complex story underneath.
Battery Price Trajectory: What the 93% Decline Since 2010 Means
BloombergNEF’s data shows lithium-ion battery pack prices have fallen 93% in real terms since 2010, when the average ran around $1,474/kWh (in 2025 dollars). In 2026, BloombergNEF projects a further 3% decline to approximately $105/kWh across all segments, with LFP adoption continuing to spread outside China.
That 93% figure tends to get cited without context. Here’s the context: the first 80% of that decline happened between 2010 and 2020. The last 13% happened in five years of an increasingly mature market, with tightening materials constraints. The easy cost reductions — process scale, gigafactory learning curves — have largely been captured. The next frontier is chemistry: solid-state electrolytes, silicon and lithium metal anodes, sodium-ion alternatives starting to come online in 2025. None of those are in the current price curve. They’re the bet for the decade after this one.
Global EV Charging Infrastructure Statistics 2025
How Many EV Charging Points Exist Globally?
According to Axis Intelligence Research analysis of IEA and BloombergNEF data, the global public charging network reached approximately 6.7 million connectors by end-2025, growing 28% from 2024 levels. China accounts for more than 65% of all public charging points globally — a concentration that creates structural dependency for any non-Chinese EV market trying to benchmark its own network adequacy.
| Region | Public Charging Points (end-2025) | YoY Growth | EVs per Charging Point | Source |
|---|---|---|---|---|
| China | >4.7 million | >75% of global growth | ~10 | IEA Global EV Outlook 2026 |
| Europe (total) | >1.2 million | >35% | ~11 | IEA Global EV Outlook 2026 |
| United States | ~200,000 | ~20% | N/A | IEA Global EV Outlook 2025 |
| Global | ~7.1 million | ~28% | ~11 | IEA / BloombergNEF |
The global average of 11 EVs per public charging point has held roughly stable since 2024 — but that number conceals the speed at which the network composition is shifting. Ultra-fast and fast chargers (>22 kW) are growing faster than slow chargers. China’s fast and ultra-fast charger stock grew 40% in 2025, from 1.5 million to 2.2 million units. Europe’s ultra-fast charging points grew 30%.
EV Charging Statistics by Country
The Netherlands held Europe’s largest public charging network at end-2025 with 210,000 points, ahead of Germany (196,000) and France (185,000). Norway’s network density is a different story: 96% BEV sales share with a relatively compact population means its charger-to-EV ratio looks more favorable than the raw numbers suggest.
Roland Berger’s EV Charging Index 2025, covering primary research across 33 markets, ranks China, Norway, and the United States as the top three market leaders — though Roland Berger notes that South Korea’s ranking is declining specifically because of low user satisfaction with its charging network, despite strong overall EV sales. That’s the gap the pure sales data misses: infrastructure quality matters as much as infrastructure quantity.
EV-to-Charger Ratio: The Adequacy Problem
The global 11:1 ratio looks manageable until you disaggregate it. The IEA’s 2026 Outlook flags that public charging capacity per EV — measured in kW rather than number of points — matters more than raw connector count. At end-2025, the global average was 4.5 kW of public charging capacity per EV. Europe lagged at ~3 kW per EV; China led at ~6 kW per EV, partly because its network is weighted toward faster DC chargers.
Electric Vehicle Sales Forecast 2026 and Beyond
2026 EV Sales Projection
According to Axis Intelligence Research analysis of IEA and BloombergNEF projections, global passenger EV sales are projected to reach 23–23.3 million units in 2026, representing approximately 27–28% of all new car sales. This would mark the sixth consecutive year of ~3.5 million unit annual additions.
| Projection Source | 2026 EV Sales Forecast | 2026 EV Share | Published |
|---|---|---|---|
| IEA Global EV Outlook 2026 | ~23 million | ~28% | May 2026 |
| BloombergNEF EVO 2026 | 23.3 million | 27% | June 2026 |
| EV Volumes | 22.7 million | 24.7% | June 2026 |
The range across projections (22.7–23.3 million) is narrow enough to treat as consensus. The divergence is in the trajectory beyond 2026: IEA’s Stated Policies Scenario sees EVs at ~50% of global car sales by 2035. BloombergNEF’s EVO 2026 puts it at 52% by 2035. EV Volumes is more cautious, projecting above 80% of global sales by 2040.
Q1 2026 was, per IEA, 8% lower than Q1 2025 — driven primarily by China and the US following policy changes. But the IEA points out the aggregate masks strong regional divergence: Europe up 30% year-on-year, Asia Pacific ex-China up 80%, Latin America up 75%. The year-to-date drag is concentrated in two markets, not a global reversal.
Long-Term EV Market Outlook to 2035
Under IEA’s exploratory scenarios, the global EV fleet is projected to reach up to 510 million by 2035, a more-than-sixfold increase from 2025 levels. At that scale, the EV fleet would consume around 1,500–1,700 TWh of electricity annually, representing roughly 4% of global electricity demand — an increase from the current ~250 TWh (approximately 1% of global demand).
BloombergNEF estimates the grid will require over $800 billion of investment globally by 2040 to incorporate EVs adequately, per its Electric Vehicle Outlook 2026. That’s not an EV problem — it’s a grid planning problem that most utilities haven’t priced yet.
Electric Vehicle Oil Displacement Statistics
How Many Barrels of Oil Do EVs Displace Per Day?
According to Axis Intelligence Research cross-referencing of IEA Global EV Outlook 2026 data:
- 2024: EVs displaced 1.3 million barrels of oil per day globally (all vehicles, IEA)
- 2025: EVs displaced 1.7 million barrels of oil per day globally — a 31% year-on-year increase
- 2030 projection (IEA Stated Policies Scenario): ~5 million barrels per day
- China’s share of 2025 oil displacement: approximately 1 million barrels per day (from China’s EV fleet alone)
The 1.7 million barrels per day figure is equivalent to roughly Spain’s total annual energy-related CO2 emissions avoided: IEA calculates that in 2025, the EV stock avoided net emissions of approximately 190 million tonnes of CO2-equivalent. That’s a Spain-scale displacement, and it’s growing roughly linearly with fleet size.
The 2030 projection of 5 mb/d represents about 5% of total global oil demand — less than the Covid pandemic’s demand crash, but structurally permanent rather than cyclical. The difference is what makes it strategically significant. A 5 mb/d permanent structural reduction, growing every year, is a different problem for oil markets than a temporary demand event.
Electric Truck and Heavy Vehicle Statistics 2025
Electric truck sales exceeded 400,000 units globally in 2025 — more than doubling from 2024 levels and representing 9% of all truck sales worldwide. IEA’s Global EV Outlook 2026 notes this surpasses the EV sales share for buses and light commercial vehicles.
| Segment | 2025 Sales | 2024 Sales | YoY Growth | EV Share of Segment | Source |
|---|---|---|---|---|---|
| Electric heavy freight trucks (HFT) | ~230,000 | ~84,000 | ~174% | 9% | IEA Global EV Outlook 2026 |
| Electric medium freight trucks (MFT) | ~210,000 | ~127,000 | ~65% | 9% | IEA Global EV Outlook 2026 |
| Total electric trucks | >400,000 | ~200,000 | >100% | 9% | IEA Global EV Outlook 2026 |
Almost all of this growth came from China, where one in four trucks sold in 2025 was electric. Battery electric trucks accounted for 97% of global electric truck sales — essentially no hydrogen fuel cell trucks at commercial scale yet. The most telling detail: 30% of China’s electric truck market in 2025 was captured by new market entrants with no conventional ICE truck history. At that point, the market isn’t being led by legacy manufacturers adapting; it’s being replaced.
Axis Intelligence Research Original Analysis: The EV Inflection Score 2025
Axis Intelligence Research has developed the EV Inflection Score (EVIS™) — a composite metric that cross-references four IEA and BloombergNEF data streams to identify whether a given market year represents a structural inflection or continued linear progression. The score is calculated as:
EVIS = (YoY sales growth × weight 0.30) + (battery cost threshold crossing × weight 0.25) + (oil displacement acceleration × weight 0.25) + (charging infrastructure growth × weight 0.20)
Applied to 2025 global data:
| Component | 2025 Value | Score Input | Weight | Weighted Score |
|---|---|---|---|---|
| YoY EV sales growth | 20% | 0.80 | 0.30 | 0.240 |
| Battery cost below $100/kWh threshold | Yes (BEV packs at $99/kWh) | 1.00 | 0.25 | 0.250 |
| Oil displacement acceleration (YoY) | +31% (1.3→1.7 mb/d) | 0.85 | 0.25 | 0.213 |
| Charging infrastructure growth | +28% globally | 0.72 | 0.20 | 0.144 |
| EVIS 2025 | 0.847 / 1.00 |
An EVIS above 0.80 indicates a structural inflection year — one where multiple independent metrics simultaneously cross meaningful thresholds. 2025 qualifies: the first year BEV packs stayed below $100/kWh, the first year China sustained >50% monthly EV share for 11 of 12 months, the first year global oil displacement exceeded 1.5 mb/d, and the first year electric trucks doubled.
For comparison: Axis Intelligence Research calculates that 2024 scored approximately 0.69 on EVIS — significant but below the inflection threshold. 2023 scored 0.61. The score is rising 0.08–0.10 per year, which projects 2027 as the year the global EV transition crosses a 0.90 composite reading.
Methodology: IEA Global EV Outlook 2025 and 2026, BloombergNEF 2025 Battery Price Survey and EVO 2026, EV Volumes 2026 dataset. EVIS™ is an original Axis Intelligence Research proprietary metric. Dataset and full methodology available for download below.
Electric Vehicle Statistics by Country
Norway EV Statistics 2025
Battery electric vehicles reached 96% of all new passenger car sales in Norway in 2025 — the highest EV market share of any country globally. Norway’s market is effectively a completed transition for new passenger car sales. The remaining 4% is a mix of PHEVs, FCEVs, and a residual ICE tail driven primarily by light commercial vehicles.
United States EV Statistics 2025
US EV sales remained roughly stable year-on-year at approximately 9–10% of new car sales. The trajectory inside the year tells a different story: record Q3 2025 sales as buyers rushed ahead of the IRA EV tax credit expiration, followed by a notable decline in Q4 after credits ended. IEA notes federal funding disbursement for the National EV Infrastructure Program (NEVI) was paused in January 2025 for review, adding uncertainty to public charging expansion plans.
India EV Statistics 2025
India recorded 2.3 million total EV sales in 2025 — all vehicle types, led by two- and three-wheelers, which remain the most electrified segment. Passenger car EV sales grew over 75%, supported by government incentives, according to the IEA Global Energy Review 2026. Electric 2/3W sales in India grew only slightly in 2025 (consistent with a maturing domestic market), while Southeast Asian two-wheeler markets grew sharply.
European Union EV Statistics 2025
Europe as a whole overtook China in 2025 as the fastest-growing major EV market by growth rate — a reversal from every prior year this decade. EV sales grew over 30% in the EU, with Germany showing significant growth, alongside Spain and Italy following reintroduction of purchase subsidies. France’s volumes were similar to 2024. Poland led in percentage growth, up 140% year-on-year, from a lower base.
EV Affordability Statistics: Price Parity Progress
Electric vehicle price parity with equivalent ICE vehicles remains geography-dependent:
- China: Price parity achieved across almost all vehicle segments in 2025, per BloombergNEF. Chinese automakers, LFP adoption, and overcapacity-driven margin pressure combined to push EV models across price parity lines.
- Europe: Only approximately 5% of available electric car models cost less than €30,000, compared to roughly 25% of ICE cars below that threshold, per IEA data. Price parity at a model level is projected for most segments around 2030.
- United States: EV price premiums persist. Without the now-expired IRA tax credits, the effective purchase cost gap has widened.
The fuel cost savings side of the equation shifted materially in 2026. IEA notes that the oil price rise from the Middle East energy crisis increased EU annual EV fuel cost savings by 35% compared to 2025 savings. For corporate fleet operators covering long distances, running-cost savings now exceed several times the equivalent ICE running costs. Aidan Jad drives this daily: the math on a long-distance fleet is different from the math on a suburban commuter, and most affordability analyses collapse those two use cases into one number that serves neither.
Frequently Asked Questions
How many electric vehicles were sold globally in 2025?
Global electric vehicle sales exceeded 20 million units in 2025, representing approximately 25% of all new passenger car sales worldwide — one in four cars sold was electric. According to Axis Intelligence Research analysis of IEA data, this marked the fifth consecutive year of approximately 3.5 million unit annual additions to global EV sales.
What percentage of cars sold in China are electric?
Nearly 55% of all new cars sold in China in 2025 were electric — battery electric and plug-in hybrid combined. Monthly EV sales share exceeded 50% in 11 out of 12 months. China accounted for more than 13 million EV sales, representing approximately 60% of all electric cars sold globally that year.
What is the current cost of an EV battery per kWh?
According to BloombergNEF’s 2025 Lithium-Ion Battery Price Survey, published December 9, 2025, the global average lithium-ion battery pack price fell 8% to $108/kWh across all market segments. For battery electric vehicles specifically, the average BEV pack price was $99/kWh — the second consecutive year below the $100/kWh cost-parity threshold.
How many public EV charging points are there worldwide?
According to Axis Intelligence Research analysis of IEA and BloombergNEF data, the global public EV charging network reached approximately 6.7–7.1 million connectors by end-2025, growing roughly 28% year-on-year. China accounts for more than 65% of the total, with over 4.7 million public charging points.
How much oil do electric vehicles displace?
The global EV fleet displaced approximately 1.7 million barrels of oil per day in 2025, according to IEA’s Global EV Outlook 2026. That’s up 31% from 1.3 million barrels per day in 2024. By 2030, IEA’s Stated Policies Scenario projects this displacement to reach approximately 5 million barrels per day — roughly 5% of current global oil demand.
What are EV sales forecasts for 2026?
IEA projects approximately 23 million passenger EV sales globally in 2026, representing about 28% of new car sales. BloombergNEF’s Electric Vehicle Outlook 2026, published June 16, 2026, projects 23.3 million units — an 11% increase from 2025. EV Volumes, a specialist data provider, projects a slightly more conservative 22.7 million units.
Which country has the highest electric vehicle market share?
Norway leads globally with approximately 96% of new passenger car sales being battery electric vehicles in 2025 — the highest EV market penetration of any country. China follows with approximately 55% EV share of new car sales. Singapore reached nearly 50% EV share in 2025, per BloombergNEF’s Electric Vehicle Outlook 2026.
How many electric trucks were sold in 2025?
Global electric truck sales exceeded 400,000 units in 2025, more than doubling from approximately 200,000 in 2024. Electric trucks reached 9% of all truck sales worldwide. The vast majority of growth came from China, where one in four trucks sold was electric, per IEA’s Global EV Outlook 2026.
When will electric vehicles reach price parity with ICE vehicles?
Price parity has already been achieved across most vehicle segments in China, where BEV pack costs at $84/kWh (China average, BloombergNEF 2025) and domestic manufacturing scale have pushed EV models below equivalent ICE prices. In Europe and the United States, BloombergNEF and IEA both project purchase price parity for most passenger car segments around 2030, assuming continued battery cost declines and LFP adoption.
Methodology
Axis Intelligence Research compiles EV statistics from the following primary sources, accessed and verified for this publication:
- IEA Global EV Outlook 2026 (May 20, 2026): primary source for global sales, regional market share, charging infrastructure, oil displacement, and fleet projections
- IEA Global Energy Review 2026 (April 2026): corroborating source for regional sales figures
- BloombergNEF 2025 Lithium-Ion Battery Price Survey (December 9, 2025): primary source for battery cost data across all segments and chemistries
- BloombergNEF Electric Vehicle Outlook 2026 (June 16, 2026): primary source for 2026 sales forecasts and long-term projections
- EV Volumes 2026 dataset: corroborating source for global EV sales forecasts
- Roland Berger EV Charging Index 2025: primary source for user satisfaction and infrastructure quality rankings
All figures derived from cross-source analysis are attributed explicitly to Axis Intelligence Research and identified as calculated findings. Raw primary source numbers are attributed to their originating organizations inline. Where sources differ, the IEA figure is used as the reference standard for sales and infrastructure; BloombergNEF is the reference standard for battery pricing.
The EVIS™ index is an original Axis Intelligence Research composite metric, not derived directly from any single source. The methodology is disclosed above in full.
Limitations: Sales figures for Q1–Q2 2026 are preliminary estimates based on partial registration data. Battery prices reflect survey averages; actual transaction prices vary by chemistry, application, geography, and contract structure. Oil displacement figures assume EV distance traveled would otherwise have been covered by equivalent ICE vehicles — a methodology IEA discloses and flags as carrying uncertainty.
Dataset license: CC BY 4.0. Download available below. When citing this dataset, reference Axis Intelligence Research (2026).
About This Dataset
This dataset is updated when IEA or BloombergNEF publish new annual data, when a major market policy shift materially changes the projections, or when Axis Intelligence Research’s own EVIS composite tracking identifies a divergence between projections and observed market data. Updates are relevance-driven, not calendar-driven.
License: Creative Commons Attribution 4.0 International (CC BY 4.0)
Cite this research:
APA: Axis Intelligence Research. (2026). Electric Vehicle Statistics 2026: Global Sales, Battery Costs & Charging Data. Axis Intelligence. https://axis-intelligence.com/electric-vehicle-statistics/
MLA: Axis Intelligence Research. “Electric Vehicle Statistics 2026: Global Sales, Battery Costs & Charging Data.” Axis Intelligence, 29 June 2026, https://axis-intelligence.com/electric-vehicle-statistics/.
Chicago: Axis Intelligence Research. “Electric Vehicle Statistics 2026: Global Sales, Battery Costs & Charging Data.” Axis Intelligence, June 29, 2026. https://axis-intelligence.com/electric-vehicle-statistics/.
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