Overview
- Chinese customs data show EV exports up 87% year over year in November, nearing 200,000 units for the month and just under 2 million through the first 11 months of 2025.
- Mexico and Europe logged some of the fastest growth for China-built EVs, with Mexico up 2,367% in November and Europe taking more than 600,000 units this year despite new EU tariffs.
- At home, China’s market is cooling into a sustained price war and consolidation phase, with BYD and Tesla posting year-to-date declines and the top 10 makers now accounting for about 95% of new-energy vehicle sales.
- U.S. EV sales plunged after the $7,500 federal credit ended and rules were rolled back, with Cox Automotive reporting Q4 volumes down 46% from Q3 and market share slipping to 5.7% for the quarter.
- Canada’s zero‑emission vehicle registrations fell 32% year over year through Q3, even as analysts expect more affordable models to arrive in 2026–27 and global EVs reach roughly a quarter of 2025 new-car sales.