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Learn more automotive electrification trends from our latest insights and solutions.
- What are the latest vehicle electrification trends?
- How will the automotive industry contribute to the global goal of carbon neutrality?
The auto industry's transition to EVs is accelerating. The year 2026 has emerged as a tipping point for an acceleration in EV adoption that will drive automotive electrification trends ahead. By 2030 over one in four new passenger cars sold will be an electric vehicle. Many major vehicle manufacturers worldwide have signaled the end of an era of internal combustion engines (ICE) as the transition to zero emission vehicles (ZEV) is ramped up.
The top automakers are expected to account for more than 70% of global EV production by the year 2030 (compared to 2022 when they represented only 10% of all EV manufacturers). But despite the rapidly growing choices EV consumers have, and the unprecedented loyalty rates among EV return buyers, the industry as a whole still needs to tackle consumers range anxiety, particular for those without a garage or those traveling long distances.
The solution needs to be a joint effort between multiple industries: automotive, utilities, government, and private property owners such as shopping malls and apartment complexes. As these paths converge, vehicle electrification trends will increase exponentially. And we may, indeed, see the end of the ICE-age.
Talk to a S&P Global Mobility representative about our powertrain and sustainable mobility solutions
How many vehicles sold last month?
S&P Global Mobility provides near real-time updates of electrified (BEV and hybrid) light vehicle sales volumes for 150+ countries by brand, model and fuel type. Mouse over any country to reveal last month’s electrified vehicle sales.
Timeline
Now-2025
2025-2030
2030-2035
2035-2040
2045-2050
- Global: $250 billion investment made
- BMW: at least one fully electric model in virtually all key segments, 30% share of electrified vehicles by 2025
- Volkswagen & Audi: end of new ICE model developments
- Jaguar: 100% EV by 2025
- Ford: doubles $11 billion EV investments to $22 billion though 2025
- GM: $35 billion investment in EV and AV by 2025; 40% EVs in product portfolio; 30 new EV models globally
- Stellantis: €30 billion EV investments by 2025
- Ford: 100% plug-in passenger cars in Europe by 2026 and all BEVs by 2030
- Cadillac: 100% EV lineup by 2030
- Bentley: 100% carbon neutral EV by 2030
- Jeep: 100% plug-in available by 2025, aim for 50% BEV sales in the US and 100% BEV sales in EU by 2030
- Chrysler: 100% BEV lineup by 2028
- Toyota: 30 EV models and 3.5 million BEV sales by 2030
- BMW: 50% share of BEVs in total deliveries by 20230
- Stellantis: 70% low emission vehicle (LEV) sales in Europe, 40% in US by 2030
- Volvo: 100% BEV by 2030
- Subaru: 100% EV by 2030
- GM: 100% BEV by 2035
- Lexus: 100% EV by 2035
- Kia: 100% EV lineup in Europe by 2030 and globally by 2035
- Land Rover: 60% BEV by 2030 and 100% by 2035
- Mercedes-Benz: no ICEs in major markets by 2035 and globally by 2040; carbon neutrality by 2039
- Honda: 40% BEVs and fuel cell vehicles in major markets by 2030, 80% by 2035, and 100% globally by 2040
- JLR: net-zero across supply chain by 2039
- GM: carbon neutrality by 2040
- Volvo: carbon neutrality by 2040
Automakers committed to carbon neutrality/net-zero or near-zero:
Hyundai, Kia (2045), Ford, Volkswagen Honda, Toyota, Nissan, Mazda, Mitsubishi, Subaru (2050)
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Aftermarket Solutions
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