EV sales are surging globally despite Trump administration pullback
Despite the Trump administration's desire to roll back incentives, adoption goals and funding for electric vehicle (EV) programs and charging stations in the United States, there appears to be no stopping the forward momentum of EV sales throughout the world.
According to a new analysis by the International Energy Agency (IEA), EV sales will account for one-quarter of the new cars sold worldwide by the end of 2025. The IEA says electric car sales will surpass 20 million units. That would mark a significant increase over 2024 when customers purchased 17 million EVs.
China continues to lead the world when it comes to EV adoption. Nearly half of all the cars sold last year in China were electric. The country can now boast that 1 in 10 cars on the road is an EV. Electric vehicle sales grew by nearly 10% in the United States, but the IEA anticipates a slowdown in EV adoption in the U.S. due to what the agency calls "today's policy direction." The agency significantly slashed its estimate for U.S. EV sales by more than half compared to last year. The IEA now forecasts that the sales share of EVs in the U.S. will grow by 20% by 2030.
But it's a very different story across the globe. The IEA anticipates that more than 40% of cars sold worldwide will be electric by 2030. China is expected to hit 80%, and Europe's share should be close to 60%. The IEA says Asia and Latin America are also becoming the new centers of growth for EV sales and adoption, accounting for 40% of global new vehicle sales.

In terms of charging, the IEA says it's a mixed bag. While public charging stations have doubled globally in the last two years in the U.S. and the United Kingdom, the agency says public charger build-outs are not keeping pace with EV adoption. In comparison, the report cites China and the European Union as two regions that are keeping up with charger deployment and construction.
The IEA says the shift from gas-powered cars and trucks to EVs means the world will need less oil. By 2030, battery-powered EVs are expected to replace more than 5 million barrels of oil per day. However, they warn that lower gas prices could affect EV sales, as could potentially higher electric vehicle prices resulting from tariffs.
-ABC News' climate and weather unit's Matthew Glasser