Bloomberg 2025 Electric Vehicle Outlook Report - CleanTechnica

The Bloomberg 2025 Electric Vehicle (EV) Outlook Report, produced by Bloomberg New Energy Finance (BNEF), provides a comprehensive global analysis of the EV market, covering vehicle sales, oil markets, electricity demand, charging infrastructure, batteries, metals, and CO2 emissions. The report highlights that plug-in EVs are projected to account for one in four new passenger vehicles sold worldwide in 2025, with China leading the market by having EVs cheaper on average than comparable combustion vehicles. In China, extended-range plug-in hybrid sales surged over 83% in 2024, driven largely by rural customers purchasing SUVs with substantial electric-only range, reflecting strong EV adoption despite limited charging infrastructure. However, the report also identifies challenges ahead, particularly in the US and Europe. The cost of public fast charging has risen sharply since 2022, now matching or exceeding gasoline prices, which undermines the economic incentives for EV adoption where purchase prices remain higher than conventional cars. Battery production is dominated by