Global electric car sales are expected to reach 23 million this year, accounting for 28% of total car sales, with nearly 30% of cars sold being electric. The war in Iran has led to soaring petrol and diesel prices, prompting drivers to turn to electric vehicles as a cheaper alternative. Sales of battery electric cars and plug-in hybrids have seen significant growth in Asian countries outside of China, Latin America, and Europe. In Europe, one in three cars sold this year is projected to be electric, while in China, monthly sales have grown to over 60% of total car sales. Sales are also expected to rise by more than 50% in Asian countries and 45% in Latin America this year. The energy crisis caused by the Middle East war has highlighted the benefits of driving an electric car, leading to potential growth in EV sales. The road transport sector is the largest consumer of oil, and governments' response to soaring oil prices could shape the global car market. Electric vehicles are now seen as an alternative to oil dependence for transport, with a quarter of all new cars sold in 2025 being electric. Southeast Asia, heavily dependent on fuel imports, has seen spectacular growth in electric car sales in response to the energy crisis. Countries in the region are expanding EV tax incentives and implementing supportive policies to boost EV sales. In 2025, Chinese carmakers dominated the electric vehicle market, with technological advances and cheaper prices driving EV deployment in China. Nearly 40% of new car sales in Vietnam were electric, surpassing levels seen in most European countries. The cost of owning an electric truck in China is now competitive with owning a diesel one, leading to a doubling of the electric truck market in just two years. Cheaper EVs from China have led to a doubling of car exports in 2025, with Chinese automakers manufacturing 60% of electric cars sold worldwide. Intense competition domestically in China is pushing electric car manufacturers to seek export opportunities overseas.
Tag: Latin America
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France Moved First, But Markets Everywhere Are Signaling Electrification
France has announced a significant increase in state support for electrification, aiming to replace imported molecules with domestic electrons. The package includes a ban on gas heating systems in new buildings, a phaseout of gas heating in social housing units, and subsidies for electric vehicles and trucks. Other European countries are also showing movement towards electrification, with a notable increase in battery electric vehicle registrations in Germany and the UK. The European market is showing increased interest in electric vehicles (EVs) and other clean energy solutions, with rising inquiries and orders for EVs, heat pumps, and solar panels. The section discusses how different regions like Australia, South Asia, Africa, and Latin America are responding to fuel insecurity and the transition towards electrification. Countries with low-carbon power mixes may struggle to convert this into electrification advantages due to grid and market framework issues. The importance of building infrastructure fast enough to meet rising electric demand and avoiding overreading weak signals in the energy transition is emphasized, with electrification seen as a practical language of resilience in the face of repeated fossil fuel shocks.
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World Bank arm bucks Trump to back electric ferries
The World Bank's International Finance Corp. is investing in Candela Technology to bring electric hydrofoiling ferries to developing countries, in contrast to the US's fossil-fuel-focused approach. The investment aims to reduce upfront costs for potential customers in Latin America and India, with a focus on boosting sales of eco-friendly ferries. The support from IFC could fund a leasing company or provide low-interest loans, with CEO Gustav Hasselskog praising the support as "massive." This move highlights a shift towards sustainable transportation solutions in emerging economies.
https://www.eenews.net/articles/world-bank-arm-bucks-trump-to-back-electric-ferries/
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10 Years of Regeneration and Beyond
Regeneration International celebrated a decade of collective action and growth in their partner network, reaching over 700 organizations. They held their 5th Annual People's Food Summit, reaching 10 million people worldwide to discuss reshaping food systems. The movement expanded initiatives in Africa and Latin America, promoting healthy soils and food sovereignty. The PELUM Network in Southern and Eastern Africa marked 30 years of transformative work in agroecology and indigenous knowledge. Regeneration International also announced a Certificate Course on Agroecological, Regenerative, and Organic Agriculture in partnership with South Seas University. The Regeneration International Standard offers two certification pathways for farmers to transition to regenerative practices, focusing on principles, guidance, and continuous improvement. It prohibits synthetic pesticides, chemical fertilizers, GMOs, and other harmful inputs. By supporting farmers through practical transition pathways, the standard aims to drive a global shift towards agriculture that regenerates soils, ecosystems, and communities. This is crucial in a world facing climate crises and soil degradation, where soil health is becoming an urgent priority for sustainable food production and rural economies.
https://us.engagingnetworks.app/page/email/message/view?templateId=434990