• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, October 10, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Global EV Sales Surge 29% in April 2025 

Prince Agyapongby Prince Agyapong
May 14, 2025
Reading Time: 4 mins read
Prince Agyapongby Prince Agyapong
in Innovation
0
Global EV Sales Surge 29% in April 2025 

Electronic Vehicle (EV)

Global electric vehicle (EV) sales reached 1.5 million units in April 2025, marking a 29% increase compared to April 2024, according to data from Rho Motion.  

Year-to-date (YTD) sales from January to April totaled 5.6 million units, reflecting a consistent 29% growth over the same period last year. Despite ongoing global trade tensions, the EV market continues its upward trajectory, driven by strong performances in China and Europe. 

Charles Lester, Data Manager at Rho Motion, noted that domestic manufacturers in China and Europe are successfully expanding their market share despite concerns about tariffs. 

RelatedPosts

Hyundai Unveils 2026 Palisade SUV In Ghana

CFAO Launches Lovol Brand in Ghana

China’s 6G Breakthrough Signals Bold Leap into Fourth Industrial Revolution

“Ongoing tariff negotiations are dominating talk in the electric vehicle industry.

“But quietly, domestic manufacturers in China and the EU continue to perform well and grow market share.” 

Charles Lester, Data Manager at Rho Motion

According to Rho Motion, a leading EV research firm, total EV sales in April 2025 reached 1.5 million, with regional performance varying significantly.  

China led the global market with 3.3 million units sold YTD, marking a 35% growth, followed by Europe at 1.2 million units (+25%), North America at 0.6 million (+5%), and the rest of the world at 0.5 million (+37%). 

The Chinese EV market expanded by 35% YTD, driven by government incentives such as the vehicle trade-in scheme, aimed at replacing older, less efficient cars with EVs. However, April sales declined by 9% compared to March, reflecting market volatility. 

Meanwhile, European EV sales rose 25% YTD, primarily fueled by stricter emissions targets prompting automakers to prioritize fully electric vehicle (BEV) production over plug-in hybrid models. 

“The EU is certainly the success story for EV sales in 2025 so far, with emissions targets lighting a fire under the industry to accelerate the switch to electric.” 

Global EV Sales Trends 

Monthly EV sales slide BMI 4392047909
Monthly EV sales

The Chinese EV market saw a 35% YTD growth, with 3.3 million units sold between January and April. In April alone, sales increased by 32% compared to April 2024, reaching 0.9 million units.  

This growth is attributed to Beijing’s subsidy extensions and a vehicle trade-in scheme aimed at boosting domestic consumption. 

Europe’s EV market expanded by 25% YTD, totaling 1.2 million units sold. Battery Electric Vehicle (BEV) sales grew by 29%, outpacing Plug-in Hybrid Electric Vehicle (PHEV) sales, which increased by 16%.  

Countries like Germany, Italy, Spain, and the UK reported significant growth, while France experienced a 14% decline due to reduced consumer incentives. 

The North American EV market grew by 5% YTD, with 0.6 million units sold. However, April sales declined by 5.6% compared to the previous year, marking the first drop since September 2024. This decline is attributed to high U.S. import tariffs and policy uncertainties. 

Other regions collectively experienced a 37% YTD growth, selling 0.5 million units. April sales in these markets surged by 50%, driven by increased demand for plug-in hybrids and Chinese exports. 

Market Dynamics and Trade Policies 

ev cars in row istock 1662932717
EV cars in row

Trade tensions continue to influence the global EV market. The U.S. and China announced a 90-day reduction in tariffs, including the elimination of some and suspension of others.  

However, significant tariffs on Chinese EVs remain, limiting their impact on the U.S. market. In Europe, Chinese manufacturers like BYD and Chery are increasing PHEV exports to circumvent higher tariffs on BEVs.  

“The plug-in hybrids have almost doubled year to date in the rest of the world, but the main reason for that is the Chinese exports.” 

Charles Lester, Data Manager at Rho Motion

Despite challenges, the global EV market is poised for continued growth. Rho Motion projects over 20 million EVs will be sold globally in 2025, an 18% increase from 2024.  

China is expected to maintain its lead with 12.9 million units, while Europe and North America are projected to sell 3.5 million and 2.1 million units, respectively. 

As governments implement policies to encourage EV adoption and manufacturers adapt to changing market dynamics, the industry remains on a path toward electrification, albeit with regional variations influenced by trade policies and consumer incentives. 

READ ALSO: Wencai Zhang Calls on Finance Minister, Pledges Stronger World Bank-Ghana Partnership 

Tags: China EVelectric vehicle market growthEurope EVEV trade
Please login to join discussion
Previous Post

Davido Calls for Investment in Africa’s Entertainment Facilities

Next Post

Mahama Urged to Balance Youth Accountability With Justice In Sammy Gyamfi Case 

[mc4wp_form id="1264"]

Related Posts

Rev. John Ntim Fordjour
General News

Ntim Fordjour Slams Calls to Raise Military Age Limit

October 10, 2025
Southeast Philippines Rocked By 7.4 Quake
Asia

Southeast Philippines Rocked By 7.4 Quake

October 10, 2025
Hon. John Abdulai Jinapor, Minister of Energy and Green Transition
Extractives/Energy

Energy Minister Meets Tanker Drivers, Pledges Petroleum Reforms 

October 10, 2025
Officers of the Ghana Armed Forces
General News

If the Armed Forces Say No to Galamsey, There Will Be None – IMANI’s Kay Codjoe Demands Military Deployment

October 10, 2025
Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD
Securities/Markets

Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD

October 10, 2025
U.S Senate Approves Debt Ceiling Deal
USA

US Government Shutdown Persist For Ninth Day

October 9, 2025
Rev. John Ntim Fordjour
General News

Ntim Fordjour Slams Calls to Raise Military Age Limit

by Silas Kafui AssemOctober 10, 2025
Southeast Philippines Rocked By 7.4 Quake
Asia

Southeast Philippines Rocked By 7.4 Quake

by Comfort AmpomaaOctober 10, 2025
Hon. John Abdulai Jinapor, Minister of Energy and Green Transition
Extractives/Energy

Energy Minister Meets Tanker Drivers, Pledges Petroleum Reforms 

by Prince AgyapongOctober 10, 2025
Officers of the Ghana Armed Forces
General News

If the Armed Forces Say No to Galamsey, There Will Be None – IMANI’s Kay Codjoe Demands Military Deployment

by Evans Junior OwuOctober 10, 2025
Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD
Securities/Markets

Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD

by Stephen M.COctober 10, 2025
U.S Senate Approves Debt Ceiling Deal
USA

US Government Shutdown Persist For Ninth Day

by Comfort AmpomaaOctober 9, 2025
Rev. John Ntim Fordjour
Southeast Philippines Rocked By 7.4 Quake
Hon. John Abdulai Jinapor, Minister of Energy and Green Transition
Officers of the Ghana Armed Forces
Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD
U.S Senate Approves Debt Ceiling Deal
[/vc_row_inner]

Recent News

  • Ntim Fordjour Slams Calls to Raise Military Age Limit
  • Southeast Philippines Rocked By 7.4 Quake
  • Energy Minister Meets Tanker Drivers, Pledges Petroleum Reforms 
  • If the Armed Forces Say No to Galamsey, There Will Be None – IMANI’s Kay Codjoe Demands Military Deployment
  • Guinness Ghana Leads Bull Run as GSE Financial Stocks Rally 65.76% YTD
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.