Global Car Markets and the Uneven Transition to Electric Vehicles
Global passenger car sales reached 92 million units in 2025, including more than 20 million EVs, but adoption varies widely across markets.
Global passenger car sales reached 92 million units in 2025, including more than 20 million EVs, but adoption varies widely across markets.
China’s dominance in battery-grade processing and cell manufacturing leaves global EV production dependent on two stages of the supply chain.
The top ten exporters and importers of automotive products reveal a highly concentrated global trade system.
Electric and hybrid vehicles are driving China’s export growth, accelerating overseas market penetration and compressing the response time available to legacy auto exporters.
Energy, mobility and industrial equipment—led by imports from China and strong U.S. supply—underpin Chile’s industrial and consumer economy.
Brazil’s import bill is dominated by capital goods, vehicles & parts, fuels and industrial chemicals, with China as the top supplier.
China is for several years already the world’s leading producer of cars, and it looks set to soon become the world’s leading exporter of cars as well.