GreenergyDaily

Jul. 16, 2025

BloombergNEF recently published the 2025 edition of its Electric Vehicle Outlook.

One of the striking findings of the report is the degree to which vehicle electrification varies across markets, and continues to differ in its modeling in the coming years. Globally, electric vehicle sales reach 42% of the total by 2030, but this can range from 80% in China to just 11% in Japan.

Variations in EV sales have a long-lasting impact on the total number of electric vehicles on the road.

By 2040, only 40% of the global passenger-vehicle fleet is electric in the outlook. The fleet electrifies faster than that in several domains, like the Nordics (72%), China (69%) and the UK (66%), but some of the biggest car markets, like the US and Japan, are much lower.

The electric passenger vehicle fleet will surpass the internal combustion engine vehicle fleet across several auto markets in the 2030s, starting with Norway in 2030, then China in 2033, California in 2037 and Germany in 2039.