Global sales of battery electric vehicles are projected to increase by 30% in 2025, reaching 15.1 million units, according to S&P Global Mobility. This surge is anticipated to elevate the market share of battery electric vehicles to 16.7% of light vehicles.
However, the electric vehicle industry is facing a cloud of uncertainty due to potential policy changes and tariffs. The upcoming presidency could bring significant shifts in tax incentives and other policies affecting electric vehicle manufacturers and consumers.
