Global EV Market Outlook 2025: More Models, More Competition, Lower Margins
The global electric vehicle (EV) market in 2025 stands at a dynamic crossroads. Having crossed a watershed moment with over 17 million EVs sold worldwide in 2024—a figure representing more than 20% of new car sales globally—the industry now grapples with escalating competition, expanding model diversity, evolving consumer preferences, and compressing profit margins. This complex … Read more