Overview

• Electric vehicles and plug-in hybrids achieved a record 25% global market share in Q1 2025, driven by strong growth in China and Europe.
• China saw a 55% increase in BEV sales, reaching 1.6 million units, while German automakers faced a 33% drop in Chinese EV sales but recorded a 38% global EV sales rise.
• In the U.S., Republican leadership has rolled back federal EV incentives, keeping BEV market share at 8.5%, with Tesla dominating half of those sales.
• Automakers are reviving internal combustion technologies and altering EV strategies, including Nissan canceling two planned electric sedans due to low demand.
• Industry analysts emphasize the need for European automakers to invest in localized battery production to reduce reliance on Chinese suppliers.