VFBATTERY REPORT

Applications: EV

Pages 130–181 (52 pages)

Battery Report 2025, page 145: Applications: EV
Text on page 145

Retail & Government Spending on EVs Share of government spending has plateaued since 2023 in all regions as subsidies are reduced. In China, the fraction of support offered to PHEVs has increased. The full impact of IRA ending in the US will be seen in 2026. GLOBAL CONSUMER AND GOVERNMENT SPENDING ON ELECTRIC CARS, 20172024

Source: IEA

GOVERNMENT SPENDING ON ELECTRIC CARS BY REGION AND POWERTRAIN, 20192024

Extracted from the PDF; charts and images may read imperfectly.

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