Where and how many 'chargeable' cars are sold today - and why some markets are seeing growing EV sales.
A comprehensive overview of the global electric vehicle and plug-in hybrid market: where and how many 'chargeable' cars are sold today - and why are some markets witnessing an increase in EV sales?
Global sales of electric vehicles and plug-in hybrids rose by 24% in June compared to the same month last year. This was largely driven by strong positive sales dynamics in China and Europe, according to research company Rho Motion.
However, electric car sales in the United States, for example, fell by 1% over the month, and this year the EV market will find it hard to recover after US President Donald Trump's spending bill reduced tax credits (for EV buyers) sooner than expected, analysts note.
North America as a whole, also impacted by a slowdown in sales in Canada, fell behind the 'rest of the world', including developing markets in Southeast Asia, South, and Central America, in terms of 'chargeable' vehicle sales for the first time.
IMPORTANT FIGURES
Global automakers faced a 25% import tariff in the US, the world's second-largest car market, causing many to retract their previous sales forecasts for 2025.
In Europe, existing incentives for private and corporate clients in key markets such as Germany and Spain, as well as the increasing availability of affordable EVs, are expected to support EV sales in the second half of the year, market experts predict.
While some of the most successful compact and more affordable EVs are products of European automakers like Volkswagen and Renault, Chinese brands, including BYD, are increasing their market share on the continent and actively driving growth in emerging markets.
PARAMETERS
According to Rho Motion, global sales of electric vehicles and plug-in hybrids in June rose to 1.8 million units. Sales in China, the world's largest auto market, rose by 28% compared to the same month last year, reaching 1.11 million units.
In Europe, sales increased by 23%, reaching approximately 390,000 units, while in North America, they fell by 9%, exceeding 140,000 sold units.