That’s why high -end electric cars are failing

Second to New relationship From the International Energy Agency based in Paris (IEA), the global sales of EV will exceed 20 million in 2025, representing more than a quarter of the cars sold all over the world. In the first three months of 2025, sales of electric cars around the world increased by 35 % compared to the previous year. And, adds IEA, the market share is on the right way to overcome 40 percent by 2030 as electric vehicles – cheaper, cheaper, mainly – increasingly convenient in several markets.

Almost half Of all cars sales in China last year they were electric. The emerging markets in Asia and Latin America have also become new growth centers, with total sales of electric vehicles in these regions that increase by over 60 percent in 2024, according to IEA. In the meantime, sales of electric vehicles have grown by about 10 % on an annual basis in the United States.

“Our data show that, despite the significant uncertainties, electric cars remain on a strong growth trajectory globally,” says Fatih Birol, EIA executive director. “Sales continue to establish new records, with important implications for the international automotive industry. This year, we expect that more than one car in four sold all over the world is electric, with the growth that accelerates in many emerging economies. By the end of this decade, it is destined to be more than two out of five.”

China, which represents more than 70 percent of the global production of electric vehiclesshipped almost 1.25 million electric cars to other countries last year. The end of EV subsidies in the EU had an impact on European sales. According to the European Association of Car Manufacturers, the EV market share in 2024 fell to 13.6 percent, down 1 % compared to the previous year.

Volkswagen’s luxury brands, including Porsche, Bentley and Lamborghini, are re -evaluating their EV strategies. Porsche has reduced the plans for fully electric training following a Dalbit of 49 % in Taycan sales. Bentley rejected the launch of his first EV from this year to his neighbor and extended his expiry of the escape of the gas engine to 2035. Lamborghini delayed his Lanzador EV until 2029 as soon as possible.

Wait a few months and you may be able to collect a G580 for a price considerably lower than its list price of $ 162,000. Currently you can intertwine a three -year -old Porsche Taycan, with its 416 miles away, for less than half of how much new it costs. Currently there are 930 Used Taycan for sale in the United States on Trader carWith prices ranging alone $ 44,000 when a basic model costs at least $ 100,000 new. It is possible to have a taycan with only 11,000 miles on the clock for $ 47,000.

US and European-Legislation and Startup-Forse car manufacturers would like a strong demand for prestigious premium electric vehicles (Jaguar has been affecting its future activities on this), but for some years the market has shouted, however, for the cheaper level models. The favorite method of the modern automotive industry to fill the flagships with their best goods, so leaving them slowly descending to lower level cars is not realistic at this moment, says Dale Harrow, president and director of the Intelligent Mobility Design Center at the Royal College of Art in London.

“The same technology is basically in all electric vehicles,” says Harrow. “So, for the first time, there is no real guarantee that spending a lot more money will buy a better product. Look at the vehicles coming from Byd.”

Instead, Harrow believes that the car manufacturers must wake up on top dependence, in the classic model of Model T of Ape Ford and focus on the construction of electric vehicles accessible to the masses through a combination of convenience, simplicity and mass production. And guess who has already solved this? Yes, China-Where Almost 40 percent Of all electric models have a price of less than $ 25,000.

It is this strategy, rather than reaching behind, that will guide the real adoption and encourage the spread of practicable charging networks. After all, it was the ubiquity of the T model that played a fundamental role in Development of petrol stations—I and there is absolutely no reason why the same makeup cannot be shot for the electric era.