IDC: By 2025, global sales of pure electric vehicles will exceed 12.1 million units.

On January 27, IDC data shows that by 2025, global sales of pure electric vehicles will exceed 12.1 million units, maintaining double-digit year-on-year growth. The price range of economic electric vehicles has made a huge contribution to this growth. Following the acceleration of electrification in the high-end market before 2020 and the follow-up in the mid-range market from 2021 to 2023, the entry-level market has now become a new growth core due to the decline in battery costs and the improvement of charging infrastructure. IDC's market tracking based on past data shows that innovative technologies typically first occupy the high-end market, then sink into the mass market, and the development of global electrification in the automotive market follows this evolutionary law.