Global NEV Sales for January-October 2025
In the first 10 months of 2025, global sales of new electric vehicles and plug-in hybrids increased by 23% year-on-year.
In October, 1.9 million NEVs were sold worldwide—8% more than in the same month in 2024.
China remains the largest market, accounting for approximately 1.3 million sales last month.
Sales in Europe increased by 36% compared to October 2024, reaching 372,786 units, while in North America they fell by 41%, to 100,370 units. The elimination of the $7,500 tax credit for EV buyers in the US apparently played a role here.
Total sales in other countries increased by 37%, to 141,368 units.
From January to October, the Chinese market grew by 22%, the European market by 32%, and the North American market by 4%. In other regions, sales of new electric vehicles and plug-in hybrids increased by 48% year-on-year over the ten months.
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