Global sales of electric vehicles and plug-in hybrids increased by 23% in October 2025, reaching 1.9 million units. This indicates a steady increase in demand for zero- or low-emission vehicles, although the situation in different regional markets remains heterogeneous. This is reported by Reuters, citing data from the analytical company Rho Motion.
China traditionally made the largest contribution to global growth - sales of electric cars in its market reached about 1.3 million units. In Europe, sales increased by 36%, to 372,786 cars, thanks to active demand in Germany, France and the UK. At the same time, North America showed the opposite dynamics - sales fell by 41% and amounted to only 100,370 units. In the rest of the world, sales rose 37% to 141,368 vehicles.
Europe is the fastest-growing region, driven by government programs to support electric vehicles and battery production. EU governments are also approving new projects to create a European battery supply chain, which will help further expand the market.
China, the world’s largest car market, remains the main driver of the electric vehicle revolution, accounting for more than half of global sales. According to Rho Motion analyst Charles Lester, China has already almost reached price parity between electric and combustion engine cars, significantly accelerating the consumer transition.
The situation in North America is different. After record sales in August and September, the market suffered a sharp decline of 41% in October. The reason was the end of the federal tax credit of $ 7,500 for the purchase of electric cars. In addition, in the United States, electric vehicles remain significantly more expensive than similar models with gasoline engines, which is discouraging many buyers.
Despite regional fluctuations, analysts expect global demand for electric vehicles to remain strong until the end of the year. "In Europe, growth has remained stable since the beginning of the year, and we predict strong sales in the fourth quarter," Lester said. According to him, the Chinese market will also show growth dynamics in November and December, as consumers will seek to take advantage of current tax breaks before they are reduced to 50% in the new year.
Overall, the October results confirm that electric vehicles are confidently conquering the market, even despite some temporary declines in certain regions. The energy transition in the transportation sector is gaining momentum and, according to analysts' forecasts, will continue to accelerate in the coming months.
e-finance.com.ua
