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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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Browse all upcoming S&P Global Mobility events
Access upcoming and on-demand EV webinars
Connect with our Automotive Experts
Andrew Fulbrook
Andrew is responsible for managing the global powertrain team and forecasts. He supervises future global product program intelligence and market analysis, future technologies and trends assessments, and qualitative consulting activities surrounding powertrain electrification. Prior to joining S&P Global, he worked extensively in the area of European powertrain and component research. He is widely quoted in European and global automotive publications, is often invited to provide keynote speeches and has written multiple editorial contributions over the years.Andrew holds a Higher National Diploma with Merit in Mechatronics, including Higher Mathematics, as well as a National Diploma in Engineering Science, both from Brooklands College, Surrey, England, UK.
Claudio Vittori
His research area includes technology forecasting of e-mobility components, with a specific focus on electric motors power electronics and charging infrastructure.He has 8 years of experience in e-mobility, having worked for charging stations manufacturers, research institutions and an e-vehicle start-up in Switzerland, Germany and Italy.Claudio is based in Milan, Italy
Devin Lindsay
His expertise includes hybrid and battery electric vehicle forecasting, the California Zero Emission Vehicle (ZEV) mandate, the consumer's relationship with alternative powertrains, and the impact of external factors concerning the future of the alternative powertrain market around the world.Previously, his research and analysis included engine and transmission forecasting for North America with emphasis on both Japanese vehicle manufacturers and Ford Motor Company. Prior to joining S&P Global, Devin performed automotive research and commentary on vehicle specifications and pricing for OEM vehicle comparisons.Devin holds a Bachelor of Arts in Sociology from the University of Detroit Mercy, US.
Graham Evans
Previously employed within Engineering, Graham has 10 years' experience in Powertrain Development and Noise, Vibration and Harshness (NVH) having previously worked for Ricardo, Bentley Motors and Jaguar Land Rover. He joined IHS Markit in 2016. IHS Markit merged with S&P Global in March 2022.Graham graduated from Loughborough University in the UK with a Master's Degree in Automotive Engineering and is a Chartered Member of the Institution of Mechanical Engineers.
Peter Varma
Peter primary responsibility is to enable automotive strategists to develop future products which comply with increasingly stringent environmental standards. He and his team do so by creating, perfecting and proliferating novel and predictive computational software technologies. His previous employers include Novation Analytics, Fiat Chrysler, Volvo and Bell Helicopter and he has accrued over 20 years of experience in product development, product strategy and program management.Peter holds a B.Sc. in Mechanical Engineering from the University of Alberta, a M.Sc. in Automotive Engineering from the Chalmers University of Technology and an MBA from the University of Michigan. He is currently pursuing a Ph.D. in Industrial and Systems Engineering at Wayne State University. His passions are strongly related to his engineering background and include audio, automobiles and motorcycles.
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