Global EV Sales Surge 50% in February, Driven by China's 76% Growth

China solidifies its dominance in the EV market as global sales reach 1.2 million units, while U.S. and European markets see modest gains despite new tariffs and policy changes.

• Global electric vehicle sales, including battery electric and plug-in hybrids, rose 50% year-on-year in February, reaching 1.2 million units, according to Rho Motion data.
• China accounted for approximately 75% of global EV sales, with a 76% increase in February and a 35% rise in the first two months of 2025 compared to 2024.
• The European Union's new tariffs on Chinese-made EVs have impacted sales of brands like MG, Tesla, and Nio, though BYD continues to gain market share in Europe.
• U.S. EV sales grew 28% year-to-date, driven by consumers taking advantage of soon-to-expire IRA tax incentives, despite a challenging policy environment.
• Mexico's EV market more than doubled as Chinese imports expanded, while European markets like Germany and the UK saw a 40% growth in early 2025.

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South China Morning Post Ars Technica