Global EV sales reached a new high in March 2025, with a total of 1.7 million units sold, contributing to a Q1 total of 4.1 million units. This growth, as reported by EV research house Rho Motion, represents a 29% increase year-over-year and a significant 40% jump from February.
In Europe, EV sales have seen a 22% increase year-to-date, driven primarily by battery-electric vehicles (BEVs) which saw a 27% growth. Countries like Germany, Italy, and the UK have shown impressive numbers, with the UK hitting a milestone of over 100,000 EVs sold in March alone. However, France experienced a decline in EV sales due to reduced government subsidies.
North America also saw a 16% increase in EV sales in Q1 2025. The market’s future remains uncertain due to the imposition of tariffs by the Trump administration, which are expected to raise consumer prices. With a significant portion of US EV sales being imported, the impact of these tariffs on affordability and market dynamics could be substantial.
China, known for leading the global EV adoption, experienced a 36% growth in EV sales year-over-year in Q1, nearing 1 million units sold in March alone. Despite the US-China tariff crisis, the impact on China’s EV market is expected to be minimal due to low cross-border sales. However, tariffs could significantly increase prices for imported vehicles like Tesla’s Model X and Model S.
Charles Lester, Rho Motion’s data manager, noted the strong global growth in the EV market in Q1 2025. He highlighted record-breaking numbers in countries like the UK, while also expressing concerns about the impact of policy announcements on the industry’s competitiveness with traditional internal combustion engine vehicles.
Overall, EV sales in Q1 2025 have shown positive growth compared to the same period in 2024, with global sales up by 29%, China up by 36%, Europe up by 22%, North America up by 16%, and the rest of the world up by 27%.
In conclusion, the electric vehicle market continues to show growth month-over-month, quarter-over-quarter, and year-over-year. The future of the industry will be shaped by various factors such as government policies, tariffs, and consumer demand. Stay tuned for more updates on the evolving EV market.
