Some 10.7 million electric vehicles were sold globally between January and July of this year, a 27% increase, year-on-year, according to Rho Motion.
A total of 1.6 million electric vehicles were sold in July, which is a 21% increase on the same month in 2024, it noted.
China accounted for 6.5 million of all global EV sales in the year to date, a 29% increase on last year, while Europe accounted for 2.3 million, a 30% rise. Elsewhere, North America accounted for 1.0 million EV sales, a 2% gain, while Rest of World accounted for 0.9 million, a 42% increase.
China leads the market
“China continues to lead the global market and maintains EV penetration rates over 50% despite weaker sales month-on-month,” commented Charles Lester, data manager at Rho Motion. “Europe’s momentum is also impressive, with markets like Germany and the UK surging ahead, although France remains sluggish despite new subsidy plans. Italy is emerging as a rapid-growing player thanks to fresh incentives.
“In contrast, North America’s growth has been muted so far in 2025, with the US facing policy headwinds and Canada seeing a slowdown. We expect a short-term lift in US demand ahead of the IRA consumer tax credit deadline in September, followed by a likely dip.”
Lester added that despite these regional variations, the overall trajectory for EV adoption this year “remains strongly upward”.
European EV sales
Looking at Europe specifically, sales of both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs) revealed significant gains in the year to date, rising by 30% and 32% respectively.
EV sales in Germany have risen by 43% in the year to date, with the UK up 32% and Italy up 40%, while France is down 11%. The French government has announced plans to relaunch its EV leasing scheme for low-income hoapplyholds in September, to stimulate demand.
North American EV sales are expected to continue to see a short-term increase between now and 30 September, when the Inflation Reduction Act consumer tax credit is set to expire, Rho Motion added.
China actually reported a 13% decline in EV sales on a month-on-month basis in July, however sales were still 12% higher than in the same month the previous year. Battery electric vehicles grew 40% in China in the year-to-date, while plug-in hybrids increased by 14%.
‘In late July, the Chinese government allocated its Q3 funding for the consumer goods trade-in scheme, which has supported EV demand since its launch last year,’ Rho Motion added. ‘The final round of funding for 2025 is expected in October.’ Read more here.
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