Vietnam Hits 40% EV Sales Share, Overtaking the UK and EU in the Global Electrification Race
Emerging markets are unequivocally driving the global EV boom; by 2025, 39 countries are projected to see EV sales share exceeding 10%, a massive jump from just four European nations in 2019. In China, the EV sales share hit over 50% in 2025, and all subsequent export growth is fueled exclusively by non-OECD markets.
Commenters point fingers at specific global hotspots. 'schizoidman' asserts that Viet Nam is rocketing toward a 40% EV sales share, surpassing the UK and EU penetration. Similarly, the same analysis claims Indonesia has hit 15% penetration, beating the US rate. Multiple posters noted that India, Mexico, and Brazil now boast higher EV shares than Japan. 'SouffleHuman' noted that by October 2025, EVs accounted for over a quarter of all new global car sales.
The overwhelming takeaway is that established economies are being outpaced. Non-OECD nations—specifically naming Mexico, Brazil, UAE, and Indonesia as 2025 destinations—are spearheading the charge, fundamentally altering the global automotive center of gravity away from the West.
Key Points
#1Emerging economies now command global EV growth.
Multiple sources agree that high EV penetration in emerging markets is the primary engine for the global EV surge.
#2Vietnam's penetration rate is unprecedented.
‘schizoidman’ projects Viet Nam’s EV sales share will hit nearly 40% in 2025, eclipsing the UK and EU penetration.
#3Indonesia and Latin America challenge developed markets.
‘schizoidman’ stated Indonesia’s share hit 15%, exceeding the US. This same user also noted India, Mexico, and Brazil now surpass Japan's penetration rates.
#4China's exports are shifting entirely non-OECD.
‘SouffleHuman’ reported that non-OECD markets are responsible for all of China's EV export growth since July 2023.
Source Discussions (3)
This report was synthesized from the following Lemmy discussions, ranked by community score.