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Electric cars sales are higher but the margin of the brands are lower – See the numbers worldwide in January

David Castro by David Castro
February 13, 2025
in Latest News
Reading Time: 3 mins read
0
Electric cars sales are higher but the margin of the brands are lower – See the numbers worldwide in January

Here’s a clear and concise data table summarizing the global EV sales in January 2025, compared to January 2024 and December 2024:

RegionSales (Jan ’25)Vs. Jan ’24Vs. Dec ’24
China0.7 million+12%-43%
Europe0.25 million+21%-19%
North America (USA & Canada)0.13 million+22%-28%
Rest of the World0.13 million+50%-4%
Total1.3 million+18%-35%

Key Takeaways from January 2025 EV Sales

  • Global EV sales reached 1.3 million, marking an 18% YoY growth compared to January 2024.
  • China dominates with 700,000 EVs sold, but the market dropped 43% from December, partially due to Chinese New Year.
  • Europe remains the second-largest market, with 250,000 sales, a 21% YoY increase but a 19% drop from December.
  • North America and the rest of the world both hit 130,000 sales, but North America saw a 28% MoM decline, whereas the rest of the world showed the strongest YoY growth at 50%.
  • The U.S. market remains uncertain as the impact of Trump’s policies on EV incentives begins to take shape.

Looking Ahead: Challenges & Trends

  • China’s EV market remains strong despite seasonal dips, with steady long-term growth expected.
  • Europe’s CO2 regulations are keeping demand high, but manufacturers face challenges to stay within emissions limits.
  • The U.S. market’s trajectory depends heavily on federal incentives and policy shifts under the Trump administration.
  • Global EV adoption is spreading, with the rest of the world seeing rapid growth (50% YoY increase)—a sign that emerging markets are embracing EVs faster.

With 2025 shaping up to be a critical year for EV adoption, all eyes are on policy changes, manufacturing trends, and price adjustments that will determine whether the momentum continues or faces roadblocks. 🚗⚡

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