Despite the growth, the increase has become lowest since January due to slowing the growth of the China vehicle market.
The Global Electric Vehicle growth rate in July 2025 was reduced to 21% in the annual terms, which has been the slowest indicator since January. In June, the increase was 25%. According to Reuters with a reference to the analytical company RHO Motion, the main reason for slowing down is a reduction in demand for China’s plugins.
China, which is the largest vehicle market in the world and provides more than half of global sales of electric cars, in July showed a slowing down the growth of a common car market. The largest manufacturer of electric vehicles in the BYD world has recorded the third in a row monthly collapse in registration.
Despite this, the global sale of electrical vehicles and plug-in hybrids grew to 1.6 million units. In China, the increase costs only 12% against the average of 36% in the first half of the year. Experts in the suspension of state programs explained this for subsidizing electrical vehicles and plugins plugins for 2025. In July, about 1 million such cars were sold in the Chinese market.
At the same time, other regions are partially compensated for decline. In Europe, sales increased by 48%, to 390 thousand cars, in North America – by 10% (over 170 thousand cars), and in other countries – by 55% (more than 140 thousand cars).
According to the RHO Motion Analyst, Charles Leicester, the general trend in 2025 remains positive, and the Chinese market will probably return to active growth in August, when the financing continues the subsidies. At the same time, in the United States, reducing tax benefits for the purchase or leasing of electric vehicles in late September may negatively affect demand.
We will remind you, earlier that it was reported in Ukraine a record for sales of electric vehicles.
Porsche identified the move to de -electrical cars premature
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.