Global EV Outlook 2026: one in four new cars is electric

IEA figures for 2025: more than 20 million electric cars sold, Southeast Asia doubling, electric trucks near one in ten. What the numbers mean for charger makers.

Industry Updated 2 min read

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  • 01Electric car sales passed 20 million in 2025, up about 20%: one in four new cars sold.
  • 02In China, close to 55% of new cars sold in 2025 were electric.
  • 03Southeast Asia’s EV sales more than doubled, to close to a 20% market share.
  • 04Electric truck sales more than doubled, to nearly one in ten trucks sold.
  • 05The IEA expects about 23 million sales in 2026, although Q1 2026 was 8% lower year on year.

2025 in numbers

The International Energy Agency published its Global EV Outlook 2026 in May 2026. The headline figures:

Indicator2025
Electric car sales worldwidemore than 20 million
Growth on 2024about 20%
Share of new car salesabout 1 in 4
Electric share of new cars in Chinaclose to 55%
China’s share of global EV productionnearly 75%
Chinese EV exportsmore than 2.5 million, doubled

Europe recorded the strongest growth of the major markets, with sales up more than 30%.

The fastest-moving regions

Growth is spreading beyond the three large markets.

  • Southeast Asia. EV sales more than doubled in 2025 to close to a 20% market share, led by Viet Nam, Indonesia and Thailand. Viet Nam, the region’s largest EV market, has announced plans to expand or extend tax incentives. The IEA projects the region’s electric share could rise up to three times by 2035, with Viet Nam above 80%.
  • Asia Pacific excluding China. Sales grew about 80% in the first quarter of 2026.
  • Latin America. Sales grew about 75% in the first quarter of 2026.

China is the main supplier to these markets: in countries outside Europe and the United States, imports from China accounted for 55% of electric car sales in 2025, against under 5% five years earlier.

Trucks

Electric truck sales more than doubled in 2025 and reached nearly one in ten trucks sold worldwide, led by China. Heavy vehicles need high-power DC charging, which raises demand for chargers in the hundreds of kilowatts.

2026: growth with a dip

The IEA expects around 23 million electric car sales in 2026, or 28% of the market. The year started weaker: global sales in the first quarter, at around 3.9 million, were 8% lower than a year earlier, mainly because of policy changes in China and the United States.

What it means for charger makers

  • Market access is now the bottleneck. Each new market has its own rules: TR 25 in Singapore, conformity rules in Vietnam, KC in Korea, CE and AFIR in Europe. Plan certification per market, not per product.
  • Power ratings keep rising. Truck charging and fast-charging corridors push DC chargers to higher power, which raises the bar for safety, EMC and grid-connection tests.
  • Evidence travels. A test plan built on IEC 61851 and IEC 61000 can be reused across many of these markets, with local deviations added.

Our partner laboratory network supports charger certification for these markets, with 3.75 MW of test power and a 10 m EMC chamber rated for 2.5 MW AC/DC.

FAQ

How many electric cars were sold in 2025?

More than 20 million, according to the IEA, about 20% more than in 2024 and roughly one in four new cars.

Which region grew fastest?

Among large markets, Europe grew more than 30%. Southeast Asia more than doubled, reaching close to a 20% share.

Why did sales fall in early 2026?

The IEA links the 8% year-on-year drop in Q1 2026 to policy changes in China and the United States, and still expects about 23 million sales for the year.

Sources

  1. IEA — Global EV Outlook 2026, Executive summary

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