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2h ago

Global EV Sales Surge 29% Year-on-Year in April, Led by China and Europe

Despite trade tensions and North America's decline, China and Europe drive electric vehicle market growth, with Chinese exports and EU emissions targets playing key roles.

Cars get charged at a charging point in Oslo, Norway, December 11, 2024. REUTERS/Leonhard Foeger/ File Photo
Image
People looking inside the interior of a medium-sized vehicle at a car dealership.

Overview

  • Global electric vehicle sales reached 1.5 million units in April 2025, marking a 29% increase compared to the same month in 2024.
  • China led the market with 0.9 million units sold in April, a 32% year-on-year rise, supported by extended trade-in subsidies and a robust domestic market.
  • Europe saw a 35% increase in EV sales, with stringent emissions targets and rising imports from Chinese manufacturers fueling growth.
  • North American EV sales fell 5.6% in April, marking the region's first decline since September 2024, attributed to trade policy uncertainties and slowing demand.
  • Tesla continues to lose market share globally, while Chinese and European automakers expand aggressively, bolstered by competitive pricing and innovative models.