Overview
- Global EV sales reached about 20.7 million in 2025, up roughly 20% year over year, with China at 12.9 million and Europe at 4.3 million.
- BYD delivered approximately 2.26 million EVs to lead the market, surpassing Tesla’s roughly 1.8 million as Tesla posted a second straight annual decline of about 9%.
- Europe’s surge was supported by softened EU tailpipe targets and expanded subsidies, and Chinese brands accounted for about 14% of regional sales.
- North American EV sales fell about 4% for the year as the U.S. market cooled after the federal tax credit expired, with fourth‑quarter volumes roughly halved from the prior quarter.
- BYD deepened its overseas push with exports near 20% of sales, new factories slated in Hungary and Turkey, and developing talks to supply Ford with batteries for plants outside the U.S.