General Motors seizes moment as consumers turn backs on Tesla, Elon Musk https://t.co/iCyBF9GI4a
EVs are skyrocketing in major auto markets, except USA, which is following petrostate politics & policies. In May 2025: Europe EVs up 34% YoY, to 28% share Global EVs up 22%, to 25% share China EVs soar to 53% Singapore EVs at 40% Credit Assaad Razzouk & BNEF https://t.co/SJmKmLStTK
Oil Is Going To Take A BIG Hit | CleanTechnica We’ve just published our May report on global electric vehicle sales. While the US is clearly far behind the world at large, and especially China and Europe, what is clear from the report is that the car industry is electrifying. https://t.co/bVm1qXJ67F
The global electric vehicle (EV) market is experiencing divergent growth patterns in 2025, with notable disparities among regions. According to a PricewaterhouseCoopers (PwC) report on Saudi Arabia's 2024 EV outlook, electric vehicles accounted for just over 1% of car sales in Saudi Arabia, a stark contrast to the global EV market share of approximately 18% in 2023. Data from May 2025 highlights rapid EV adoption in several major markets: Europe saw a 34% year-over-year increase in EV sales, reaching a 28% market share; China’s EV market share surged to 53%; Singapore reported a 40% share; and the global EV market share rose 22% to 25%. The United States, however, lags behind these trends, with slower EV adoption attributed to political and policy factors favoring traditional petroleum interests. Industry analysis indicates that while the U.S. EV market remains behind China and Europe, the automotive sector is broadly moving toward electrification. In this evolving landscape, General Motors is capitalizing on shifting consumer preferences, gaining ground as some customers turn away from Tesla and its CEO Elon Musk.