Despite resistance from some traditional German OEMs to fully embrace electrification and the political headwinds in the United States under Trump, the global shift to electric mobility is proving unstoppable. The forces driving change, innovation, cost parity and climate urgency, are now greater than the industries and ideologies trying to slow it down. The electrification of transport has become a global movement that no longer depends on a few pioneers, but is fueled by the collective momentum of nations, consumers and companies determined to move beyond fossil fuels. According to EV Wire’s Global EV Sales Report H1 2025, global battery electric vehicle (BEV) sales reached 5.93 million units in the first half of 2025, marking a 29.1 percent year-on-year increase compared to the same period in 2024. China accounted for 56.5 percent of global EV sales (up 43.7 percent), Europe for 20.1 percent (up 24.9 percent), the United States for 10.2 percent (up 1.2 percent) and the rest of the world for 13.2 percent. One in every 6.5 new cars sold worldwide is now fully electric.
What makes this surge remarkable is that it is no longer confined to the established EV powerhouses. A new wave of fast-growing markets is emerging across Latin America, Southeast Asia and parts of Eastern Europe, showing that the energy transition is becoming truly global. From Colombia to Turkey, smaller and mid-sized economies are now among the fastest to electrify, proving that innovation and determination can outperform legacy systems and outdated business models.
The ten fastest growing EV markets
1. Colombia
Colombia leads the world in EV growth, more than tripling its BEV sales in H1 2025 with an increase of 203.3 percent. The country reached around seven percent market share, transforming from a small niche market into one of the most dynamic EV newcomers in Latin America.
2. Indonesia
With growth of 168.6 percent, Indonesia ranks second globally. Around 36,611 BEVs were sold, lifting its share from 3.9 percent to 12.5 percent of all new car sales. Strong government incentives and local manufacturing ambitions are rapidly reshaping the country’s mobility landscape.
3. Iceland
Although a small market with 2,283 BEVs, Iceland expanded by 138.6 percent year on year and reached an impressive 28.95 percent market share. After a dip in 2024, EV adoption has regained momentum, confirming Iceland’s leadership in sustainable transport.
4. Turkey
Turkey stands out as one of the biggest surprises of 2025. With 138 percent growth and 84,738 BEVs sold in H1, the EV share surged from 7.7 percent to 17.36 percent. Turkey also entered the global top 7 for total EV units sold, driven by strong domestic production and expanding infrastructure.
5. Ecuador
Ecuador’s EV market is still small in absolute volume, with 1,504 BEVs sold, but it grew by 122.8 percent and reached a three percent share of new car sales. This demonstrates the fast-growing appeal of electric vehicles in the Andean region.
6. Uruguay
Uruguay sold 4,929 BEVs, up 122.1 percent year on year, reaching about 15 percent market share. This strong performance highlights that even smaller nations can have an outsized role in the energy transition.
7.Peru
Peru remains an early-stage market with only 367 BEVs sold, but posted solid growth of 102.8 percent. Its EV share rose to one percent, signaling the start of genuine electrification efforts in South America.
Post time: Jan-24-2026