The EV leapfrog - how emerging markets are driving a global EV boom | Ember
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Growth in emerging markets has turbocharged global EV sales in 2025, with over a quarter of new cars sold being electric.

Viet Nam has doubled its EV sales share since 2024 to reach close to 40% in 2025, overtaking the UK and the EU for EV sales penetration. Thailand has exceeded 20% EV sales share for the first time so far this year, up from 1% in 2019. Singapore, Thailand and Viet Nam have all reached higher battery electric vehicle sales shares than the EU average.

India, Mexico and Brazil now have a higher EV sales share than Japan, while Indonesia’s EV sales share has reached 15% this year, overtaking the US for EV penetration.

  • CompactFlaxEnglish
    3·
    1 month ago

    I think one reason is the manufacturing locale. Europeans have high living costs and high living standards in comparison to Chinese. I’m not certain that’s the whole cost difference though.