Here is good news for a Friday afternoon: before 2025 to August, the sale of global electric vehicles grew by 25 percent compared to the same eight months in 2024, according to the analysts of RHO Motion. That amounts to 12.5 million EVs, although the data combines both battery EVs and plug-in hybrid EVs for the total.
However, that is for global sales. EV adoption goes even faster in Europe, which has grown by 31 percent this year (RHO says that BEV sales have risen by 31 percent, but the turnover of PHEV by only 30 percent)-in total 2.6 million plug-in vehicles. In some European countries, the increase was even more impressive: an increase of 45 percent in Germany, 41 percent in Italy and at 100 percent in Spain.
But despite a number of interesting new EVs from Renault and the various French car manufacturers from Stellantis, EV sales in France have so far fallen by 6 percent, year after year.
However, Tesla has not seen anything of this sales growth in Europe – as we noticed last month, the Tesla turnover of this region collapsed by 40 percent in July.
China had bought an additional 7.6 million new EVs between January and August of this year, although this growth delayed in July and August, partly as a result of robust sales during those months in 2024 thanks to Chinese government policy. And as it was noted last month, BYD recently saw a decrease in profitability and it has downgraded its sales goal with 900,000 vehicles (up to 4.6 million) for this year.
