Global electric vehicle sales jumped nearly 50% in February 2025 compared to last year, reaching 1.2 million units, though sales dipped slightly from January, according to data from Rho Motion. China’s robust 35% growth year-to-date, driven by domestic brand BYD’s expansion despite international tariffs. Chinese consumers shifted increasingly from hybrids to fully electric models. North America also saw steady gains with U.S. buyers rushing to benefit from federal tax incentives before potential cuts later this year
…Europe’s EV market grew by 20% year-to-date with battery-electric vehicles (BEVs) outpacing plug-in hybrids
Europe’s EV market grew by 20% year-to-date with battery-electric vehicles (BEVs) outpacing plug-in hybrids, notably due to France’s new weight tax drastically cutting hybrid sales by 48%. Germany and the UK led European BEV growth, exceeding 40% year-to-date, despite EU emissions standards adjustments allowing carmakers greater flexibility to avoid penalties. Tesla, which is North America’s largest BEV manufacturer, faced setbacks with notable sales declines in Europe and China, contrasting sharply with competitors’ rising figures in those regions