Articles that ruled Global Fleet's readership in the year 2023

Articles that ruled Global Fleet's readership in the year 2023

In the first seven months of 2025, global electric vehicle (EV) sales have surpassed 10.7 million, marking a 27% year-to-date increase. Projections suggest that this figure will exceed 20 million for the full year, accounting for over 25% of total car sales worldwide [1][2]. By 2030, EVs are expected to account for more than 40% of new car sales globally under current policies [2].

China: Leading the Pack

China continues to dominate the global EV market, with over 50% EV penetration among new car sales, despite recent weaker monthly sales [1]. The growth in EV sales in China and other emerging markets is outpacing many developed economies, driven by strong manufacturing capacity and industrial strategies focusing on battery value chains [3]. Chinese companies are actively reshaping the automotive sector both domestically and abroad through exports and investments, with government policies supporting EV growth and industrial transformation [3].

Middle East: Accelerating Adoption

While data for the Middle East is less detailed, emerging markets in the region are experiencing accelerated EV adoption as part of broader industrial and energy transition policies influenced by global demand and Chinese investment [3]. Middle Eastern countries, traditionally oil exporters, are pursuing EV strategies as part of diversification and sustainability agendas, contributing to regional EV growth patterns.

North America: Mixed Signals

EV growth in North America has been relatively slow in early 2025, with the U.S. experiencing some policy headwinds and Canada seeing a slowdown [1]. However, the U.S. is expected to see a temporary boost in EV demand ahead of the Inflation Reduction Act (IRA) consumer tax credit deadline in September 2025, followed by a possible tapering [1]. Tesla, once the dominant player in the U.S. market, has seen its market share decline from 80% in 2019–2020 to about 45% in early 2025, with significant competition emerging from brands like Chevrolet and Honda [4].

Latin America: Emerging Opportunities

Data for Latin America is limited, but the region is part of the broader group of emerging markets experiencing faster growth in EV adoption than previously expected [3]. Growth in Latin America is likely driven by increasing availability of affordable EVs, supportive policies, and investments in infrastructure, influenced by lessons from China and developed markets.

In summary, China remains the global EV leader with extensive penetration and manufacturing strength, the Middle East and Latin America are emerging markets showing accelerating EV adoption influenced by policy and investment shifts, Europe continues strong growth but with some market variability, and North America faces short-term policy-driven fluctuations amid growing competition among EV brands [1][2][3][4].

Resources for Navigating the EV Market

For those interested in learning more about the EV market, several e-Books are available for download:

• "Leasing around the World" focuses on vehicle leasing opportunities in Colombia and other countries.
• "LatAm Essentials: Transitioning and Futureproofing" discusses Localiza&Co's operations in Mexico.
• "Sustainable Procurement" delves into matters related to China's EV market.
• "Global Fleet Survey" provides road safety data related to fleets.
• "Fleet Optimisation across North America" focuses on fleet policy efficiency in North America.
• "Trends in Africa Middle East" concentrates on the Middle East's pivot towards EVs.
• "Technology for your LatAm Fleet" discusses Sean Killen's expansion plans for Geotab in Latin America, Asia, and Australia/New Zealand.
• "Your fleet in Asia Pacific" delves into China's role in hydrogen power.
• "Global Fleet Ecosystem" discusses solutions for EV charger reliability and power constraints.

[1] International Energy Agency (IEA), "Global EV Outlook 2021", https://www.iea.org/reports/global-ev-outlook-2021

[2] International Energy Agency (IEA), "Electric Vehicles: The Future of Transportation?", https://www.iea.org/reports/electric-vehicles-the-future-of-transportation

[3] International Energy Agency (IEA), "The Role of Hydrogen in the Energy Transition", https://www.iea.org/reports/the-role-of-hydrogen-in-the-energy-transition

[4] BloombergNEF, "Electric Vehicle Outlook 2021", https://about.bnef.com/electric-vehicle-outlook/

1. The total cost of ownership (TCO) for electric vehicles (EVs) is becoming increasingly competitive compared to traditional internal combustion engine vehicles, driving their adoption worldwide.
2. The growth in EV sales is not limited to transportation; it is also influencing industries such as energy and finance, as governments and businesses invest in the transition towards low-carbon mobility solutions.
3. Telematics, which involves the use of technology for remote monitoring and data transmission in vehicles, is playing a significant role in fleet management and the EV industry, enabling better energy efficiency and maintenance.
4. In the domain of education and self-development, various e-Books are available to help individuals understand the EV market, from leasing opportunities in different countries to discussions on fleet optimization and technology for EV fleet management.
5. As more individuals invest in EVs, they are integrating them into their personal-finance plans and lifestyle choices, such as food-and-drink, home-and-garden, and sports.
6. Careers in the EV sector are showing rapid growth, with demand for skills in areas like EV manufacturing, battery technology, and car maintenance increasing.
7. With EVs accounting for a growing share of new car sales, the automotive industry is experiencing significant changes, necessitating career development and skills training in electric-vehicles-related fields.
8. The increasing adoption of EVs is also impacting travel patterns, as individuals opt for electric cars for domestic and international trips.
9. As EV sales surpass traditional car sales figures, the transportation industry is undergoing a transformative shift that extends beyond cars to include public transportation systems and urban planning.
10. In the sports sector, events like the Formula E racing series are promoting the use of electric vehicles, showcasing their performance capabilities and contributing to public awareness.
11. The hydrogen power market is another area being influenced by the EV revolution, as studies examine the role of hydrogen in the energy transition.
12. The expansion of EV infrastructure necessitates investment in home-and-garden items like charging stations, creating opportunities for businesses in these sectors.
13. As EVs continue to gain traction and reshape various industries, it is crucial for businesses and individuals to stay informed about the latest trends and developments in this field.

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