In March 2025, global electric vehicle (EV) sales surged by 29%, reaching 1.7 million units, driven primarily by strong performance in China and Europe. China, with a 36% increase, accounted for nearly 1 million EVs due to high consumer demand and supportive incentives. Europe saw a 24% rise, particularly in Germany, Italy, and Britain, where regulatory frameworks positively influenced battery-electric vehicle (BEV) sales. Conversely, North America experienced modest growth amid trade tensions, with tariffs potentially complicating supply chains and affecting vehicle prices for manufacturers like Tesla, facing a dual challenge from U.S. import tariffs and potential retaliatory measures from China.
"Emission targets and regulations helped BEV sales in some of the continent's main car markets - Germany, Italy, and Britain," said Rho Motion's data manager Charles Lester.
Tesla sent a letter to the U.S. Trade Representative noting that "certain parts and components are difficult or impossible to source within the United States."
In Tesla's case, China's tariffs could potentially double the prices of the U.S.-made Model S and Model X, per Lester's analysis.
The tariffs are expected to raise costs for foreign-sourced parts, affecting EV pricing.
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