7 million units in 2025, reflecting a robust 20 percent increase from the previous year. While regions like Europe and China experienced significant growth, North America faced a decline in EV sales.
S. market can be attributed to the loss of incentives, leading many new-car buyers to hesitate in their purchases.
1 million EVs sold worldwide. 3 million units.
7 million units. The growth outside traditional EV markets has largely been fueled by a wave of competitively priced Chinese-built models, prompting manufacturers to expand their reach.
In contrast, North America recorded a 4 percent decline in EV sales, which would have been more pronounced without a significant 29 percent increase in sales from Mexico, driven by affordable Chinese imports. S.
market's annual decline reflects a notable shift in consumer behavior, with a rush to secure incentives before their expiration, followed by a significant drop-off in purchases once those credits were no longer available.
