39 countries have reached an EV sales share larger than 10% in 2025, a third of which are outside Europe. In 2019, there were only four countries that had reached this milestone, all within Europe. Notably, China reached over 50% EV sales share for the first time this year. Between January and October 2025, EVs have made up over a quarter of global new car sales, up from less than 3% in 2019.
Chinese EV exports are finding new markets outside the OECD. Since July 2023, non-OECD markets have been responsible for all the growth in Chinese EV exports, with Mexico, Brazil, UAE and Indonesia emerging as top destinations in 2025.
Several ASEAN countries now have among the highest EV sales penetration of any country in the world. Close to 40% of Viet Nam’s new car sales this year have been EVs, almost all of them battery electric vehicles made by local manufacturer VinFast. It is now gaining ground on regional leader Singapore, where the EV sales share has exceeded 40% of new car sales so far in 2025.
Due to their high levels of efficiency, electric vehicles are a powerful tool to reduce fossil fuel dependence. Whereas ICE vehicles waste around 80% of the energy in the fuel, EVs use close to 80% of the electricity they consume. This leads to large reductions in overall fossil fuel consumption even if a country’s electricity supply is heavily dependent on fossil generation.
