This is Where Electric Vehicle Adoption is Headed Between 2022 and 2025
As Electrek reported last week, the number of consumers looking to buy EVs globally has hit 52%, according to the latest EY Mobility Consumer Index (MCI). This is the first time 50% has been exceeded, and it represents a rise of 22 percentage points in just two years.
BloombergNEF’s findings are consistent with the EY study, as BloombergNEF asserts that electric vehicle adoption is set to continue to rise sharply to 2025 as global policy pressure grows, more electric car models become available, and consumer interest increases.
Bloomberg NEF projects that plug-in vehicle sales will rise from 6.6 million in 2021 to 20.6 million in 2025. Plug-in vehicles are predicted to make up 23% of new passenger vehicle sales globally in 2025, up from just under 10% in 2021. Three-quarters of those will be fully electric.
The researchers don’t see plug-in hybrids gaining a significant share of the market outside Europe, and they expect them to peak globally around 2026.