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2d ago

Global EV Sales Jump 24% in May as China Hits 1 Million Units

European incentives with Chinese export efforts boosted year-to-date EV deliveries to 7.2 million units through May.

A view of an electric vehicle plugged into a public charging station in Ta' Xbiex, Malta November 9, 2023. REUTERS/Darrin Zammit Lupi/File Photo
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Overview

  • Global EV sales reached 1.6 million units in May, marking a 24% increase from May 2024, according to Rho Motion data.
  • China achieved its first million-unit EV month of 2025 in May, a 33% year-on-year surge driven by strong domestic demand and targeted exports.
  • Europe’s EV market rose 27% year-to-date through May as Germany introduced new commercial fleet incentives and southern markets like Spain and Italy posted double-digit growth.
  • North American EV adoption lagged with just 3% growth through May after Canadian subsidies expired and U.S. buyers brace for federal tax credits that start phasing out in 2026.
  • A 25% U.S. import tariff and President Donald Trump’s emissions and trade policies have prompted many automakers to withdraw 2025 outlooks, even as BYD expands into Mexico, Southeast Asia and Uzbekistan and Tesla’s Berlin-made Model Y avoids the levy.