What to Expect in the Electric Vehicle Industry: EV Trends For 2025

As we step into 2025, big changes are happening in the electric vehicle (EV) industry and the electrification of transportation. EV trends for 2025 include lower electric car prices, an expansion of charging stations, and greater charging plug compatibility. Read on to learn about electric vehicle trends for 2025 and how they're shaping the future of the EV industry in the coming year. 

The electric vehicle market has experienced remarkable growth over the past decade, transitioning from a niche segment to a pivotal player in the automotive industry. This expansion is fueled by technological advancements, government incentives, and a shift in consumer preferences toward innovative and sustainable mobility solutions. Beyond environmental benefits, the EV driving experience—characterized by zippy acceleration, low maintenance, and quiet operation—has become a key selling point for drivers.

EV Industry Sales Will Continue Rising in 2025

Sales are expected to keep growing in 2025, but projections vary widely. As the largest EV market, China leads the way with robust government support, local manufacturing capabilities, and a comprehensive charging infrastructure. EVs are expected to account for 35% of new car sales in China by 2025.

Global EV sales are projected to reach 85 million by 2025, marking a significant milestone in the transition to electrified mobility. By then, EVs are expected to hold a substantial market share compared to internal combustion engine (ICE) vehicles, with projections indicating EVs could account for over 20% of global vehicle sales.

Global EV Industry Sales Trends

In 2025, EV sales are projected to remain highest in China, followed by Europe and North America, with significant contributions from South Korea and Japan. China is expected to account for over 60% of global EV sales, continuing its dominance as the world's largest EV market. Factors such as competitive pricing, robust government policies, and advanced manufacturing capabilities are driving this growth. Intensifying competition among Chinese automakers is expected to keep costs lower, even as profit margins narrow.

Globally, the trend of annual EV sales growth will persist in 2025, driven by increasing consumer interest in EVs, technological advancements in battery technology, and the availability of more affordable models. Europe and North America are also poised to see growth due to government incentives and an expanding charging infrastructure.

Declining Price Trends Make the EV Market More Affordable

In 2025, the EV market is becoming more accessible, with many EVs priced under $40,000—especially when factoring in federal EV tax credits available in the United States. However, with the Trump administration and a potentially less supportive Congress regarding EV incentives compared to the Biden administration, the availability and impact of these credits may be uncertain for EV shoppers.

Regardless, the declining costs remain a promising EV trend for 2025. As automakers continue advancing battery technologies and refining materials, EV battery prices are expected to decrease further. Batteries currently account for roughly 40% of an EV’s total cost, so these improvements can significantly lower vehicle prices while also extending battery ranges.

EV Battery Technology Advancements

Battery technology advancements are at the forefront of EV trends in 2025, shaping the future of electric vehicle innovation. Automakers and researchers are focusing on developing solid-state batteries and improving existing lithium-ion technologies. Solid-state batteries promise higher energy density, faster charging times, and enhanced safety compared to traditional lithium-ion batteries.

Toyota is developing solid-state batteries with a 750-mile range and faster charging and aims for a market launch in 2026 or 2027. These improvements can significantly increase the range of electric vehicles while reducing the time needed to recharge.

Another key electric vehicle trend is the ongoing reduction in battery production costs. Through advances in materials, manufacturing processes, and scaling production, automakers are lowering battery prices. Since batteries account for approximately 40% of an EV’s total cost, these reductions are critical to making electric vehicles more affordable for consumers.

Also, improved battery longevity is a priority, as extended lifespans increase vehicle value and reduce environmental impact. This combination of affordability, efficiency, and performance continues to drive demand for EVs and solidify their place in the mainstream market. As battery technology evolves, these electric vehicle trends are set to accelerate EV adoption worldwide.

Charging Stations Will Advance EV Industry Growth

One of the most significant EV trends in 2025 is the rapid expansion of charging infrastructure, addressing a key barrier to electric vehicle adoption. Automakers, governments, and private companies are working together to deploy ultra-fast chargers capable of drastically reducing charging times, making EV ownership more convenient than ever.

Another transformative electric vehicle trend is the rise of bidirectional charging stations (V2G), which allow EVs to draw power from the grid and supply energy back to it. This technology enhances grid stability and gives EV owners opportunities to offset charging costs by participating in energy markets.

Investments in urban, rural, and highway networks are ensuring that charging options are accessible to all drivers, whether in densely populated cities or remote areas. Many charging stations are now integrating renewable energy sources, such as solar and wind power, to further reduce the carbon footprint of electric vehicle usage.

Policy and Incentive Shift EV Industry

Policy changes are a pivotal factor influencing EV trends in 2025. With the Trump administration and a potentially less supportive Congress, there is uncertainty around the future of federal tax credits for electric vehicles. These incentives have been instrumental in making EVs more affordable, and their reduction or restructuring could impact market growth.

Despite this, many state-level incentives remain in place, particularly in progressive regions committed to supporting sustainable transportation. These programs include rebates, tax breaks, and non-monetary benefits such as access to carpool lanes, helping to maintain consumer interest in EVs.

Tesla Chargers Open to Nearly All EVs

One of the most impactful EV trends in 2025 is the widespread accessibility of Tesla's Supercharger network to nearly all EVs. Historically exclusive to Tesla owners, the company has expanded access, allowing EVs from other manufacturers to utilize its vast and reliable charging infrastructure. This shift addresses a key concern for EV adoption: charging availability and convenience.

Tesla’s Supercharger network, known for its speed and coverage, now accommodates non-Tesla EVs with an adapter or through standardized charging ports. This expansion significantly reduces range anxiety and enhances the overall charging experience for drivers across the board.

As part of broader electric vehicle trends, the opening of Tesla chargers aligns with efforts to create a more unified and interoperable charging ecosystem. By fostering collaboration between automakers and charging providers, the industry is ensuring that EV drivers have seamless access to fast and efficient charging options, regardless of the brand they drive. This development accelerates EV adoption and strengthens the charging infrastructure critical for the future of sustainable transportation.

Vehicle-to-Grid Integration in EVs

V2G technology is a rapidly growing innovation and one of the key EV trends in 2025. This technology enables electric vehicles to supply stored energy back to the grid, helping to stabilize electricity demand and improve grid resilience. As part of broader electric vehicle trends, V2G systems are gaining traction among automakers and utilities, fostering a more dynamic and sustainable energy ecosystem.

The Ford F-150 Lightning serves as a leading example of V2G integration. This electric truck is equipped with bidirectional charging capabilities, allowing it to act as a backup power source for homes during outages or even provide electricity to the grid during peak demand periods. Ford’s partnership with Sunrun to install home integration systems underscores how V2G technology can deliver both practical benefits to owners and contribute to grid stability.

Challenges for EV Charging Station Installers & Contractors

The growth of the EV industry is creating opportunities for contractors. As the demand for EV charging (EVC) infrastructure installers continues to grow, contractors face several challenges in this dynamic landscape:

• Competition: With the rising demand for EV charging stations, more players are entering the market. EV infrastructure installers must differentiate themselves through competitive pricing, excellent customer service, and expertise.

• EV Charging Station Technology: EV charging technology is evolving rapidly with new standards and protocols. Installers must stay updated on the latest electric vehicle trends to effectively install and maintain EV charging station infrastructure.

• EVC Permitting, Code, and Zoning Requirements: Installing multi-family residential and commercial EV charging stations usually involves permits and compliance with local regulations. Installers need to be well-versed in the permitting process to avoid delays and ensure regulatory adherence, or else partner with GreenLancer for permitting and engineering services.

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Opportunities for EV Charging Station Installers & Contractors

Despite the challenges, the future holds promise for EV charging station installers, making it a key EV industry trend for 2025.

• Emerging EV Charging Station Market: The demand for EV charging stations is expected to grow significantly, creating a vast market for installers.

• Skilled Contractor Workforce: The EV industry's expansion will increase the need for skilled professionals, providing job opportunities for electricians and technicians.

• Opportunities for Partnerships: EV charging station installers can explore partnerships with EV manufacturers, utilities, and GreenLancer to expand their reach and offer comprehensive EV charging solutions.

Electric Vehicles Eligible for Tax Credits Change in 2025

In 2025, the eligibility requirements for federal tax credits for battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and fuel cell electric vehicles (FCEVs) will continue to evolve, with key changes impacting buyers. Eligibility will be assessed on a per-vehicle basis rather than by model, a shift that began in 2024. This means that each vehicle’s specific qualifications—such as its assembly location and battery components—will determine whether it qualifies for the credit.

Also, buyers must meet certain income eligibility requirements to receive the federal tax credit. This ensures that the incentives are directed to middle and lower-income consumers, making EVs more accessible to a broader audience.

Automakers are required to submit the Vehicle Identification Numbers (VINs) of qualifying vehicles to the IRS, ensuring that only those vehicles that meet the specific criteria will be eligible for the tax credit. To help buyers navigate this process, dealerships will provide information on the eligibility status of individual vehicles.

For the most accurate and up-to-date information on whether a specific vehicle qualifies for the tax credit, referring to the Treasury Department list remains one of the best ways to verify eligibility. This allows shoppers to easily determine if their chosen EV is eligible for the full $7,500 or partial $3,750 tax credit.

EVs Eligible for $7,500 Tax Credit in 2025

• Chevrolet Bolt and Bolt EUV (2022 to 2024 models, priced at or below $55,000; Bolt is discontinued for the 2024 model year, but the Bolt EUV remains eligible)

• Chevrolet Blazer EV (2024 and 2025 models, priced at or below $80,000)

• Ford F-150 Lightning (2022 to 2025 models, priced at or below $80,000)

• Tesla Model 3 Performance (2024 and 2025 models, priced at or below $55,000)

• Tesla Model X Long Range (2024 and 2025 models, priced at or below $80,000)

• Tesla Model Y (All-Wheel Drive, Performance, and Rear-Wheel Drive models, priced at or below $80,000)

• Volkswagen ID.4 (2023 to 2024 models, priced at or below $80,000)

  
  

EVs Eligible for $3,750 Tax Credit in 2025

• Ford Escape Plug-In Hybrid (2022 to 2024 models, priced at or below $80,000)

• Jeep Grand Cherokee 4xe Plug-In Hybrid (2022 to 2024 models, priced at or below $80,000)

• Jeep Wrangler 4xe Plug-In Hybrid SUV (2022 to 2024 models, priced at or below $80,000)

• Lincoln Corsair Grand Touring Plug-In Hybrid (2022 to 2024 models, priced at or below $80,000)

• Nissan Leaf (2024 model, priced at or below $55,000)

• Rivian R1S and R1T (2022 to 2025 models, priced at or below $80,000)

EV Industry Creates Opportunities for Contractors in 2025

The electric vehicle market is experiencing significant growth. This EV trend towards sustainable transportation is motivated by various factors, including heightened environmental concerns and the imperative to reduce greenhouse gas emissions, widespread governmental incentives and policies supporting EV adoption, continuous advancements in battery technology resulting in longer driving ranges and the decreasing costs of electric vehicles. 

As the demand for electric vehicles intensifies, the necessity for fortifying the EV charging infrastructure becomes increasingly evident. Drivers depend on a robust network of electric car charging stations to ensure the continuous operation of their vehicles, presenting abundant opportunities for professionals within the EV charging station industry.

GreenLancer works with contractors to simplify the EV charging station permitting and engineering process. Our services include EV charging station plan sets, PE stamps, and engineering reviews. 

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