International EV gross sales soar 21% in 2025 as Europe surges and the US stalls

EV and battery provide chain analysis specialists Benchmark Mineral Intelligence studies that 2.0 million electrical automobiles had been offered globally in November 2025, bringing world EV gross sales to 18.5 million models year-to-date. That’s a 21% enhance in comparison with the identical interval in 2024.

Europe was the clear development chief in November, whereas North America continued to lag following the expiration of US EV tax credit. China, in the meantime, stays the world’s largest EV market by a large margin.

Europe leads world development

Europe’s EV market jumped 36% year-over-year in November 2025, with BEV gross sales up 35% and plug-in hybrid (PHEV) gross sales rising 39%. That brings Europe’s complete EV gross sales to three.8 million models for the 12 months to this point, up 33% in comparison with January–November 2024.

France lastly returned to year-to-date development in November, edging up 1% after spending most of 2025 within the purple following earlier subsidy cuts. The rebound was led by OEMs such because the Volkswagen Group and Renault, a wider number of EV fashions, and France’s “leasing social” program, aimed toward serving to lower-income households swap to EVs.

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Italy additionally posted a standout month, logging report EV gross sales of slightly below 25,000 models in November. The surge adopted the launch of a brand new incentive program designed to exchange older ICE automobiles. This system earmarks €597.3 million (about $700 million) in funding for the substitute of round 39,000 fuel automobiles.

The UK expanded entry to its full £3,750 ($4,400) EV subsidy by including 5 extra eligible fashions: the Nissan Leaf (in-built Sunderland, with deliveries beginning in early 2026), the MINI Countryman, Renault 4, Renault 5, and Alpine A290.

US market slows after federal tax credit score’s untimely loss of life

In North America, EV gross sales within the US did tick up month-over-month in November, following a pointy October drop after federal tax credit expired on September 30, 2025. Manufacturers together with Kia (up 30%), Hyundai (up 20%), Honda (up 11%), and Subaru (232 Solterra gross sales versus simply 13 the month earlier than) all noticed positive aspects, however total volumes stay under ranges when the federal tax credit score was nonetheless accessible.

Coverage modifications aren’t serving to. In early December, Trump formally “reset” US Company Common Gas Financial system (CAFE) requirements, decreasing the required fleetwide common to about 34.5 mpg by 2031. That’s a steep drop from the roughly 50.4 mpg goal below the earlier rule. Automakers can now meet the usual largely by means of fuel automobiles, lowering strain to scale BEVs and PHEVs.

These loosened guidelines are already mirrored in funding choices, equivalent to Stellantis’ $13 billion plan to develop US manufacturing by 50%, with a heavy deal with ICE automobiles. Earlier this 12 months, Trump’s massive invoice set fines for lacking CAFE targets to $0, additional weakening the inducement for OEMs to affect.

That’s some silly policymaking, contemplating the world reached peak fuel automotive gross sales in 2017. The US below Trump can be left behind, simply as it is going to be with its makes an attempt to revive the coal trade.

China nonetheless dominates, exports surge

China stays the spine of world EV gross sales, at the same time as development slows. The Chinese language market grew 3% year-over-year and 4% month-over-month in November. 12 months-to-date, EV gross sales in China are up 19%, with 11.6 million models offered.

One of many greatest headlines out of China is exports. BYD reported a report 131,935 EV exports in November, blowing previous its earlier excessive of round 90,000 models set in June. BYD gross sales in Europe have jumped greater than fourfold this 12 months to round 200,000 automobiles, doubled in Southeast Asia, and climbed by greater than 50% in South America.

International snapshot

International EV gross sales from January to November 2025 vs January to November 2024, YTD %:

• International: 18.5 million, +21%
• China: 11.6 million, +19%
• Europe: 3.8 million, +33%
• North America: 1.7 million, -1%
• Remainder of World: 1.5 million, +48%

The takeaway: EV demand continues to develop worldwide, however coverage help – or the dearth thereof – is more and more shaping the place this development reveals up.

“Total, EV demand stays resilient, supported by increasing mannequin ranges and sustained coverage incentives worldwide,” stated Rho Movement information supervisor Charles Lester.

Learn extra: EV gross sales *nonetheless* haven’t fallen, cooled, slowed or slumped. Media is mendacity to you.

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