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Electric vehicle sales growth eases to 21% in July, research firm says
Global electric vehicle sales rose 21% year-on-year in July, with battery-electric vehicles up 40% year-to-date amid regional disparities in market growth and government incentives.
- According to market research firm Rho Motion, worldwide sales of electric vehicles, including battery-electric and plug-in hybrids, reached 1.6 million units in July 2025, reflecting a 21% increase compared to the same month the previous year.
- This growth slowed from 25% in June and was influenced by a pause in some government subsidy schemes in China and policy headwinds in North America.
- China, accounting for more than half of global EV sales with about one million units in July, experienced eased sales growth at 12% year-on-year and month-on-month declines, while Europe grew 30% year-to-date aided by strong incentives.
- Ford announced a $5 billion plan starting August 11, 2025, to produce affordable EVs around $30,000 in the US, highlighting ownership costs lower than a used Tesla Model Y and aiming to boost demand despite looming tax credit expiry.
- US demand is anticipated to increase temporarily before the IRA tax credit expires on September 30, 2025, but a subsequent decline in EV sales is likely, reflecting ongoing differences in regional adoption patterns.
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16 Articles
As of 2025, global sales of plug-in vehicles — both pure electric and plug-in hybrids — have grown by 27%.
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Arab News
ZawyaElectric vehicle sales growth eases to 21% in July, research firm says
LONDON: Global electric vehicle sales grew 21 percent year-on-year in July, the slowest rate since January and down from 25 percent in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday. China is the world’s biggest car market and accounts for more than half of global EV sales, which in Rho Motion’s data include
Global EV sales up 21% in July as growth rate cools
Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.
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