{"id":80406,"date":"2025-02-11T20:56:50","date_gmt":"2025-02-12T01:56:50","guid":{"rendered":"http:\/\/autosector.com\/?p=80406"},"modified":"2025-02-11T20:56:50","modified_gmt":"2025-02-12T01:56:50","slug":"global-ev-sales-surge-18-y-o-y-but-speed-bumps-lie-ahead","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=80406","title":{"rendered":"Global EV sales surge 18% y-o-y \u2013 but speed bumps lie ahead"},"content":{"rendered":"<figure class=\"img-border featured-image\">\n\t<img fetchpriority=\"high\" width=\"1400\" height=\"700\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/10\/BYD-sealion-7-Europe-front.jpeg?quality=82&amp;strip=all&amp;w=1400\" class=\"skip-lazy wp-post-image\" alt=\"BYD-sealion-7-Europe\" srcset=\"https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/10\/BYD-sealion-7-Europe-front.jpeg?w=320&amp;quality=82&amp;strip=all&amp;ssl=1 320w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/10\/BYD-sealion-7-Europe-front.jpeg?w=640&amp;quality=82&amp;strip=all&amp;ssl=1 640w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/10\/BYD-sealion-7-Europe-front.jpeg?w=1024&amp;quality=82&amp;strip=all&amp;ssl=1 1024w, https:\/\/i0.wp.com\/electrek.co\/wp-content\/uploads\/sites\/3\/2024\/10\/BYD-sealion-7-Europe-front.jpeg?w=1500&amp;quality=82&amp;strip=all&amp;ssl=1 1500w\" decoding=\"async\" fetchpriority=\"high\"\/><\/figure>\n<p>London-based <a href=\"https:\/\/rhomotion.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rho Motion<\/a> just dropped the latest numbers on global EV sales for January 2025, and here\u2019s the headline: 1.3 million electric vehicles were sold worldwide. That\u2019s down by more than a third from December\u2019s record-breaking numbers, but don\u2019t let that fool you \u2013 January 2025 still saw an 18% jump compared to the same month last year.<\/p>\n<p><span id=\"more-401501\"\/><\/p>\n<h3 class=\"wp-block-heading\" id=\"h-the-global-picture\">The global picture<\/h3>\n<p>Global EV sales are off to a solid, if not spectacular, start in January 2025. While China\u2019s numbers took a predictable dip post-holiday rush, Europe is picking up steam, and North America is seeing steady growth. Here\u2019s how the major markets shook out in January:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Global:<\/strong> 1.3 million EVs sold (+18% year-over-year, -35% from December 2024)<\/li>\n<li><strong>China:<\/strong> 0.7 million (+12% y-o-y, -43% m-o-m)<\/li>\n<li><strong>EU, EFTA &amp; UK:<\/strong> 0.25 million (+21% y-o-y, -19% m-o-m)<\/li>\n<li><strong>US &amp; Canada:<\/strong> 0.13 million (+22% y-o-y, -28% m-o-m)<\/li>\n<li><strong>Rest of the world:<\/strong> 0.13 million (+50% y-o-y, -4% m-o-m)<\/li>\n<\/ul>\n<p>Rho Motion data manager Charles Lester weighed in on what\u2019s behind these numbers:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\" readability=\"20\">\n<p>With emission standards coming into force for European manufacturers this year, all eyes are on the opening month for the region, which shows encouraging growth at 21% compared to the same time last year. <\/p>\n<p>The Chinese market, as expected, shrunk 43% from the previous month as drivers tend to go all in at the end of the year before the Chinese New Year public holidays fall in January and February. <\/p>\n<p>The US and Canada market hasn\u2019t yet been impacted by the new occupant of the White House and is showing a consistent year-on-year increase of 22%. All in all, an uncontroversial start to the year for the EV market globally, though this is not going to remain that way for long.<\/p>\n<\/blockquote>\n<h3 class=\"wp-block-heading\" id=\"h-europe-a-strong-start-but-challenges-ahead\">Europe: A strong start, but challenges ahead<\/h3>\n<p>The EU, EFTA, and the UK kicked off the year with a solid 21% increase, selling over 250,000 EVs in January. That\u2019s the kind of momentum European automakers need to keep up to avoid hefty fines under the 2025 emission standards.<\/p>\n<p>Germany led the charge, with EV sales jumping over 40% year-over-year, and BEVs specifically saw over 50% growth. But not every country had a smooth start. France, for example, took a big hit, with sales dropping 52% compared to December and 15% year-over-year. The reason was a new weight tax on plug-in hybrids (PHEVs) that went into effect in January, triggering a rush to buy in December before the new rules kicked in.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-china-a-predictable-dip-but-still-growing\">China: A predictable dip, but still growing<\/h3>\n<p>China\u2019s EV sales were up 12% compared to last January, thanks in part to the ongoing national car trade-in scheme. However, sales dropped 43% compared to December, which is typical for this time of year. The Chinese New Year holiday always slows down vehicle sales in January and February, and with the holiday falling mostly in February this year (just like in 2024), expect another weak month before numbers pick up again.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-us-amp-canada-a-steady-climb-with-uncertainty-ahead\">US &amp; Canada: A steady climb with uncertainty ahead<\/h3>\n<p>North America saw a solid 22% jump in EV sales compared to January 2024, with 130,000 units sold. However, that\u2019s still a 28% drop from the December 2024 rush.<\/p>\n<p>Despite concerns over Trump\u2019s return to the White House, the federal EV tax credit \u2013 up to $7,500 \u2013 is still available for many BEVs and one PHEV. However, the requirements got tougher in 2025, with stricter sourcing rules for critical EV battery materials. Some EV models lost their eligibility, and that\u2019s expected to put some pressure on the market as the year unfolds.<\/p>\n<figure class=\"wp-block-image alignwide size-full\"><a href=\"https:\/\/www.energysage.com\/landing\/home-solar\/p\/electrek-rsm-ml\/?utm_medium=Partner&amp;utm_source=Electrek\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"750\" height=\"150\" src=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png\" alt=\"\" class=\"wp-image-401516\" srcset=\"https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png 750w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png?resize=150,30 150w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png?resize=300,60 300w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png?resize=350,70 350w, https:\/\/electrek.co\/wp-content\/uploads\/sites\/3\/2025\/02\/DES-1038_Electrek-Banners_EVs_44b521.png?resize=140,28 140w\" sizes=\"(max-width: 750px) 100vw, 750px\"\/><\/a><\/figure>\n<p><strong>Read more:<\/strong> <a href=\"https:\/\/electrek.co\/2025\/02\/03\/byd-sales-overseas-surge-new-record-global-ev-plans-unfold\/\">BYD\u2019s overseas sales surged to a new record as its global EV plans kick into high gear<\/a><\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><em>To limit power outages and make your home more resilient, consider going solar with a battery storage system. In order to find a trusted, reliable solar installer near you that offers competitive pricing, check out<\/em><a href=\"https:\/\/www.energysage.com\/p\/electrek-rsm-ml\/\"><em> <\/em><em>EnergySage<\/em><\/a><em>, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it\u2019s free to use and you won\u2019t get sales calls until you select an installer and you share your phone number with them.<\/em><\/p>\n<p><em>Your personalized solar quotes are easy to compare online and you\u2019ll get access to unbiased Energy Advisers to help you every step of the way. Get started<\/em><a href=\"https:\/\/www.energysage.com\/p\/electrek-rsm-ml\/\"><em> <\/em><em>here<\/em><\/a><em>. \u2013trusted affiliate link*<\/em><\/p>\n<div class=\"ad-disclaimer-container\" readability=\"6.3518518518519\">\n<p class=\"disclaimer-affiliate\"><em>FTC: We use income earning auto affiliate links.<\/em> <a href=\"https:\/\/electrek.co\/about\/#affiliate\">More.<\/a><\/p>\n<p><!-- post ad --><\/div>\n","protected":false},"excerpt":{"rendered":"<p>London-based Rho Motion just dropped the latest numbers on global EV sales for January 2025, and here\u2019s the headline: 1.3 million electric vehicles were sold worldwide. That\u2019s down by more than a third from December\u2019s record-breaking numbers, but don\u2019t let that fool you \u2013 January 2025 still saw an 18% jump compared to the same [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/80406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80406"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/80406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80406"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}