EV Sales SKYROCKET Worldwide But US Growth PLUMMETS
While the UK government battles EV manufacturers to do more and the UK public to buy more, they decide to launch new taxes on those that do. As so often, we focus purely on what affects us. But is that a true representation of what is happening out there in the rest of the world? I’m Dave and I’ve scoured EV sales data from the rest of the world showing what they are up to. Buckle up because it’s an amazing journey. Well, data comes really quickly from some sources while others take their time. So, little belatedly but frighteningly accurate, we report the 2025 H1, the first half of the year, January to June. All sources credited in the description below. So, headline figures 5,929,052 pure battery vehicles sold in the first half of 2025. No hybrids or PHEVs, only EVs. That’s a 29.1% growth year on year. 47 markets saw growth, while 13 saw a decline. 15.4% the market share, showing a 3% increase. Every seventh vehicle sold in the world is now an EV. That’s a long way off the mere 7,200 EVs sold globally in 2010. That’s amazingly explosive growth for such an expensive item. Bestselling globally is the Tesla Model Y. The Model 3 is second and the BYD Seagull is third. Well, China obviously is the largest largest EV market in the world with 56.5% of all EV sales in the first half of the year. Be careful with figures from China as they often do include any vehicles with a battery. They designated NEV or new energy vehicle, but not always. In pure EV numbers, they sold 3,349,8. a growth of 43.7%. Market penetration 30.8%. A third of all cars sold in China in H1 is now a pure EV. And amazingly, the sales of PHEVs have now reversed and showing a decline. China exported over 1 million NEVs. That’s up 74.3%. So on the Chinese roads, there are 359 million cars. Of them, 36.9 million NEVs. And of those, 69.2% were pure EVs. Bestselling EVs in China were the Xi Jiang Jing Yan, the BYD Seagull, and the Tesla Model Y. Here in Europe, we sold 20.1% of the global total. So, a very sizable market. 1,190,346 sales, growing 24.9% in the first half. Remarkable because the total European market shrunk by 0.9% at the same time. Over 17 and 12% market share. top three best cars, Tesla Model Y, VWID4, and a Tesla Model 3. So, we’re going to more on the split of EU countries shortly. But over the pond in US, they make up uh just 10.24% of global sales, about half the size of Europe, and saw a growth of a misly 1.2%. Taking them to 7.3% market share drop since last year. Every 14th car sold in the US is an EV. Top three bestselling EVs, Tesla Model Y, Tesla Model 3, Chevy Equinox. Interesting to see that of the three, two were made in America using labor and parts made in America, and one was made in either California, Canada, or Mexico. 2025 to date is also the point where the rest of the world now outpaces the US in EV sales, 13.2% 2% of global global EV sales 781,89. A rise of a massive 47.7% and 6.3% market share. So quick look at the largest EV market in the world in order of size puts China in the lead followed not even closely by the US. Then France a very credible third. Germany 248,000. UK 224. Tremendous effort from a tiny offshore island like us. South Korea 92,000. Turkey 84, Belgium 76, India 71, Norway 70. Now, of the US figures, it will come as no surprise to learn that California took 27.8% with 168,751, coming fourth worldwide behind the UK. Yeah, 40 million population in California versus R 69. And they’re snapping at our heels. EVs made up 18.77% of the market, but sales are down slightly compared to last year. Now, Germany restores its place as the biggest market in Europe after the UK nicked that spot temporarily recently. Their market share rose to 17.7% after a massive lull when the government suddenly pulled all grants and incentives last year. Every sixth car sold in Germany now is an EV. Well, going back to UK, EV sales grew 34.6% yearonear. The market share reached 21.6. Every fifth car sold now is an EV with the latest figure showing a growth to one in every four. France came close behind exactly where they belong and they saw a 6.4% decline in sales. France like UK is tinkering around with its grand subsidies and social leasing where anyone on low income could get a brand new EV for no deposit and less than €100 a month. That’s less than what most people spend on petrol. Maybe this is a serious message for the UK government coming up to the budget. Mess with the bonuses and grants and you see an immediate and substantial drop in sales that take a year or so to re restore and recover. Well, South Korea went the opposite way with 39.4% growth and the market share up uh from 8.3 to 11.2%. Likewise, Turkey saw a remarkable 138% growth reaching 17.6 market share. Now there were winners and losers in EV growth. Those winning included Colombia at 202%, Indonesia 168, Iceland 138. Iceland’s a fascinating example because they reached 50% of all sales as EVs before the government recently imposed new road tax of approximately 4p a mile just on EVs and the sales slump back to 26% of all cars sold. Do our UK ministers not look at what is happening around the world before announcing budgets? Well, that covers growth. How about market share? Well, there are a dozen countries around the world with market share above 30%. And 19 above 20%, 13 additional ones between 10 and 20% and 27 between 5 and 10% with the final 12 uh between n and 5% growth. World average now is 15.4%. Well, it’s no surprise to see Norway right at the top with 93.69%. Seems a few deluded souls still still sees petrol, diesel, or hybrid as a viable option. But Sweden is rapidly catching up with 35.2% market share. So that’s what the rest of the world’s up to. But we’re in UK do have more recent figures and the October EV registrations from the SMMT show an increasing trend to see total registrations decline while EV sales rocket ahead. October saw UK sales down half a percent. EV, yes, pure EV sales rocketed 23.6%. Petrol car registrations fell 11.6, diesel 22.9. These fuels are clearly on the way out. It’s only a matter of time. Hybrid sales steady at 2.1% while PHEV saw 27.2. Well, that’s still remarkable. The growth in in registrations of PHEVs is clearly slowing down now that the government has made the decision to treat them as petrol-powered cars because let’s face it, that’s how most, if not all, are being driven. Many never get plugged in and many never charge at all. Well, over in the channel, we have September 2025 final figures. Things have taken a massive turn for the better. HEVs rising 16%, BEVs up 22%, PHEVs up 59%. Meanwhile, petrol powered, the sales were down 8%, diesel 16. Once diesel had a 60% market share in Europe. Well, top selling EVs in Europe were Tesla Model Y, Tesla Model 3, Scoda Alrock. Oh, nice one. The B by CLU shown on the graph is just available as a hybrid in the UK. fourth ID4 and a great entry from Renault 5 Alpine A290. The Alpine, by the way, is just the hothatch equivalent for the Renault 5. Let’s go to take another place with the Enyak. Well, key noteworthy mentions here are Renault 5 and the Mercedes new EQ EQA. One leaping ahead, the other lagging way behind expectations, and sad to see Ford only hitting 18th place. Once Ford would have held the top three slots, all on its own models. Well, the picture’s clear. EVs are now taking over. The EV revolution has arrived. And the true test is that the old tech, petrol and diesel are rapidly collapsing. The interim are the hybrids. Both the true hybrid and the PHEV, plug-in electric vehicle, uh, which many see as the best stop gap. Neither going full EV nor sticking with pure petrol and diesel, though shouldn’t call them pure. The old ice market most legacy automakers are trying to get back to is long since gone. No longer exists and that situation is only going to get worse. Majority of countries now show a healthy growth in EV sales and a steady decline in ICE. Don’t make the mistake of thinking ICE disappears today. You can legally buy them for the next 5 years. Well, probably near a four now. So, they’re not going to disappear. Also, this mandate does not stop them being used sold used through dealers as used cars. There will be many ICE cars but being bought and sold for at least a decade. But at some point after 2030, the numbers have to decline as first they just get old and fail uh becoming too expensive to keep on the road. But second, at some point the increasing number of used EVs will be they’ll be seen as a better buy. Well, thanks for watching. I’m Dave. [Music]
The global car industry is undergoing a significant transformation with electric vehicle sales skyrocketing worldwide, driven by changing consumer behavior and evolving market trends. However, a closer look at the market analysis reveals a surprising discrepancy in the growth pattern, with the US experiencing a plummet in electric vehicle sales. This video delves into the latest EV trends, providing valuable market insights that shed light on the factors contributing to this unexpected shift. By examining the current state of the market and consumer preferences, we can gain a deeper understanding of the car industry’s future trajectory and the implications for electric vehicle adoption. Tune in to discover the underlying reasons behind the plummeting US growth and what it means for the global electric vehicle market.
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