China is a leader in EV production, accounting for over half of global sales and production due to strong government support, significant investment in infrastructure, and advanced domestic manufacturers. China delivered about 7.5 million units of BEVs in 2024 and is expected to produce about 13.5 million units of BEVs by 2032.

Europe is estimated to reach 11.8 million units by 2032, whereas North America and the rest of the world are estimated to produce about 5.9 and 5.8 million units of BEVs, respectively, by 2032. The global BEV production stood at 11.4 million units in 2024 and is estimated to reach approximately 37 million units in 2032.

GlobalData’s latest report, “Electric Vehicles in Power: Strategic Intelligence,” reveals that rising EV adoption is intensifying the need for more public charging stations to keep pace with growing electricity demand. Investments are being directed toward strengthening high-speed charging capabilities, highlighting the industry’s emphasis on infrastructure build-out to support the expanding EV market.