Over 21.6 million units of light-duty EVs were sold worldwide in 2025, representing a 23.5% year-over-year (YoY) growth. Battery electric vehicles (BEVs) accounted for 66.8% of all EVs sold, while plug-in hybrid electric vehicles (PHEVs) accounted for 33.2%. The PHEV share declined by 3% in 2025. The global EV penetration in the light-duty vehicle (LDV) segment increased from 26.9% in 2024 to 32.0% in YTD 2025.

Among regions, Asia-Pacific (APAC) has the highest EV penetration in the LDV segment at 35.3%. BYD remains the market leader, selling over 4.4 million units, followed by Tesla with 1.6 million units. Charging point installations reached the 6.3 million mark in 2025, with 1 charging connector per 11 EVs.

• Why will the next phase of EV competition and growth be defined by cost leadership, software intelligence, ultra-fast charging, and energy services?
• How can OEMs optimize growth strategies to adapt to the need to lower EV prices to keep up with demand and compete with conventional vehicles?
• Which strategic differentiators define EV performance, cost competitiveness, and scalability, and how can you capitalize on the development of vehicle-to-grid (V2G)-compatible vehicles for growth?