Overview

• Global EV sales have increased by 30% in 2025 compared to last year, with significant growth in the U.S., China, and Europe.
• China leads the market with a 76% year-on-year sales increase in February, driven by new models and a shift toward battery electric vehicles over hybrids.
• U.S. EV sales are up 28% this year, partly fueled by consumers taking advantage of expiring tax incentives under the Inflation Reduction Act.
• European markets have seen steady growth, with Germany experiencing a 40% sales jump despite new tariffs on Chinese-made EVs impacting some brands.
• Tesla's sales have declined amid controversies involving Elon Musk, while competitors like BYD are gaining global market share.