EV Sales Expected to Exceed 14 Million Globally by 2025
According to a new report by EV charging station company ChargePoint, electric vehicle sales are expected to exceed 14 million globally by 2025. This estimate is more than double 2021 sales. EV sales are accelerating rapidly, with total sales for 2021 doubling to surpass half a million-- 4.5 percent of the market share for new passenger vehicles.
The ChargePoint report also refuted claims that EV charging infrastructure is lagging behind demand, stating that their charging network is scaling right alongside EV growth. However, the report did make note that over 80 percent of EV charging still occurs at home.
Read the full report here.