Global electric vehicle (EV) sales surged by 29% in the first four months of 2025, totaling 5.6 million units. China led this growth with a remarkable 35% increase driven by trade-in incentives, while Europe saw a 25% rise attributed to stricter emissions targets. North America's growth was modest at just 5%, with Tesla's sales declining. Mexico experienced a boom in EV sales, benefiting from the availability of Chinese-made vehicles, unlike the US market constrained by higher ownership costs and limited choices.
Global EV sales surged 29% in the yearâs first four months, with China seeing a remarkable 35% increase, driven by trade-in schemes.
In contrast, North America experienced only a 5% growth in EV sales, primarily attributed to the slow uptake of battery and plug-in hybrids.
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