While trade wars, tariffs, and wavering subsidies are very much in the cards for the auto industry in 2025, global sales of electric vehicles (EVs) are still expected to rise substantially next year, according to S&P Global Mobility.
“2025 is shaping up to be ultra-challenging for the auto industry, as key regional demand factors limit demand potential and the new U.S. administration adds fresh uncertainty from day one,” says Colin Couchman, executive director of global light vehicle forecasting for S&P Global Mobility.
In the U.S., the incoming Trump administration is reportedly planning to end the $7,500 tax incentive on the purchase or lease of an EV, as well as other measures that provide support for both EV manufacturing and sales.
In addition, Trump wants to impose steep tariffs on imports from Mexico, Canada, and China, among others. Affected countries are expected to retaliate with their own tariffs.
Yet, in spite of these adverse factors, EVs remain an “important automotive growth sector” globally. S&P says incentive programs in China, Asia, and Europe will continue to support EVs for the foreseeable future.
S&P projects global sales of EVs will reach 15.1 million units in 2025, up 30% from an estimated 11.6 million units in 2024. EV market share is expected to grow to 16.7% of global light vehicle sales, up from 13.2% in 2024.
China is leading the pack, with EV sales expected to reach 26.6 million in 2025, up 3% from 2024 levels, led by the likes of BYD, Changan, and Tesla. The market share of EVs is expected to reach 29.7% of Chinese vehicle sales.
EV sales in India and in Japan are also expected to grow strongly next year.
Even in the U.S., EV market share is expected to continue to grow from 2024 levels, topping the 10% mark to reach 11.2% of overall vehicle sales, S&P says.
While Trump’s policies are “predictably unpredictable,” S&P says deregulation should still create tailwinds for the North American auto industry.
In addition, California has indicated it will seek to revive state-tax rebates for electric vehicles should the Trump administration end federal incentives. Cumulative EV sales in California topped 2 million units in the third quarter, or nearly 40% of overall U.S. EV sales.
BYD has launched the third-generation Qin Plus DM-i in China, and the first thing that caught my eye is its price. According to CarNewsChina, the plug-in hybrid sedan starts at 79,900 yuan, which is about $11,980. That’s an incredibly low price for a brand-new car, especially by US standards.
What’s even more impressive is the range. The Qin Plus DM-i can drive up to 137 miles on electricity alone, which should cover most people’s daily commutes without using a drop of gas. Once the battery runs out, the 1.5-liter engine takes over. Thanks to its 17-gallon tank and roughly 91 mpg with a drained battery, the combined range reaches up to 1,423 miles.
Apple won the PC market’s worst quarter, but that’s not the entire story. It won the race by stumbling less than everyone else.
PC makers shipped just 57 million computers worldwide in Q3, which might look good, but it’s a 21% year-over-year plunge (via Counterpoint Research). And despite Apple’s Mac shipments falling by 11%, to 5.6 million, its market share rose from 8.7% to 9.8%. How did that happen?
Update (October 22 23:54 PT): In response to our query, GM clarified that offline recording support is already available on eligible vehicles. Like Tesla's Sentry Mode, it requires owners to connect a USB drive to save incident recordings, which can be viewed on the vehicle's infotainment screen. The upcoming Connected Cameras feature will build on this by giving owners remote access to these recordings via the revamped OnStar app, allowing them to check footage without walking out to their car.
General Motors has announced plans to add a new Connected Cameras feature to its OnStar service starting next year, giving drivers a way to monitor parked vehicles remotely and capture footage of certain incidents.