Global electric vehicle sales surge 24% in June, China leads growth

Published 05/08/2025, 09:30
© Reuters.

Investing.com -- Global passenger electric vehicle (xEV) sales reached 1.81 million units in June 2025, representing a 24% increase year-over-year and a 10% rise month-over-month.

Year-to-date xEV sales have grown by 31% compared to the same period last year, totaling 9.11 million units. China dominated the market in June, accounting for 63% of global xEV sales, followed by Europe at 22% and North America at 8%.

While China, Europe, and the rest of the world (RoW) all posted strong growth exceeding 25% year-over-year, the North American market showed signs of weakening. EV sales in China reached 1.14 million units in June, up 28% from the previous year, with a total of 5.6 million units sold in the first half of 2025, representing a 38% year-over-year increase.

European EV sales rebounded to 396,000 units in June, growing 26% year-over-year and 29% year-to-date. In contrast, North American demand softened to 142,000 units, declining 12% year-over-year and 1% year-to-date. The rest of the world saw robust growth of 46% year-over-year, reaching 131,000 units.

Outside of China, plug-in hybrid electric vehicles (PHEVs) outpaced battery electric vehicles (BEVs) in growth rate at 40% versus 12% year-over-year. However, in China, BEV demand remained stronger with 41% growth compared to 12% for PHEVs. Overall, PHEV sales grew by 19% year-over-year to 635,000 units in June, while BEVs increased by 28% to 1.07 million units.

BEVs accounted for 61% of China’s xEV sales, 68% for Europe, 79% for North America, and 80% for the rest of the world in June.

Among manufacturers, BYD (SZ:002594) led with 374,000 units sold in June, an 18% increase year-over-year. Tesla (NASDAQ:TSLA) ranked second with 172,000 units, but experienced an 11% decline year-over-year and a 13% drop year-to-date. Tesla’s Model Y accounted for 121,000 units, while the Model 3 contributed 48,000 units.

Geely secured the third position with 91,000 units, showing remarkable growth of 186% year-over-year. Changan followed with 78,000 units, up 43%, and Shanghai GM Wuling sold 61,000 units, increasing 69% from the previous year.

Among European brands, BMW (ETR:BMWG) sold 47,000 units (up 8%), Volkswagen (ETR:VOWG_p) 42,000 units (up 51%), Mercedes 32,000 units (up 7%), while Volvo (OTC:VLVLY) experienced a 20% decline to 25,000 units.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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