- China is leading the charge with a 35% rise in sales through the first two months of the year.
- Sales have also rebounded strongly in key European markets like Germany and the UK.
- US EV and PHEV sales also spiked during January and February.
The electrified vehicle market is clearly on an upward trajectory, with sales reaching new heights in the first two months of 2025. While EVs and PHEVs still account for a smaller portion of total car sales in key global markets, the growth is undeniable.
According to data from RhoMotion, the first two months of 2025 saw a combined total of 2.4 million EVs and PHEVs sold worldwide, marking a 30% increase from the same period last year. Not surprisingly, China is leading this charge, with electrified vehicle sales there climbing by an impressive 35%, reaching 1.4 million units.
Read: Tesla Sales Crumble 45% In Europe, While EV Market Explodes 37%
Sticking with China, the data shows that sales jumped 76% in February compared to the same month last year. However, comparing February 2025 to February 2024 isn’t ideal, as Chinese New Year fell in the middle of February last year, but was at the start of the month this year. Nonetheless, sales from January and February show BEV sales have climbed 46% while PHEV sales have risen 22%.
Significant growth has also been reported across the US, Canada, and Mexico. Sales here are up 20% year-to-date. In Mexico, sales have more than doubled thanks to the arrival of new Chinese EVs, while in the US, EV and PHEV sales are up 28%. One possible explanation for the US is that shoppers are rushing to buy an EV before the $7,500 federal EV tax credit potentially gets scrapped.
European Growth
Europe, too, is seeing solid numbers, with EV sales up by 29% compared to last year. However, PHEV growth in the region has been more modest, rising just 2%. Notably, PHEV sales in France took a sharp dive (down 48%) after the government introduced a weight tax on plug-in hybrids.
“It’s been a solid start to the year for EV sales globally with a 50% bump in February compared to the previous year,” RhoMotion data manager Charles Lester said. “Much of the growth continues to come from China which are seeing a pure electric renaissance this year compared to the hybrid love affair of 2024. Despite high tariffs, their domestic brand, BYD, shows no signs of slowing down their home and international expansion.”
