In 2024, global light vehicle sales grew by 1.1%, driven by improved supply chains, increasing demand in emerging markets, and the continued rise of electric vehicles—including a 55% surge in plug-in hybrid sales.
Asia-Pacific remains a key growth engine, with China and India at the forefront. Notably, BYD emerged as the only top-five automaker to record sales growth, up by an impressive 43%. Strategic collaborations between major OEMs—such as BMW & Toyota and Volkswagen & Xpeng—are accelerating the shift toward new energy vehicles.
In 2025, the outlook remains optimistic, with electrification and innovation shaping the road ahead.
Be sure to read the full analysis provided here for a detailed look at the trends and numbers.
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- Global Automotive Outlook 2025 (pdf, 1 MB)
