VFS - EV Company News For The Month Of April 2025
2025-05-07 10:42:51 ET
Summary
- Global electric car sales March 2025 up 25% YoY to 25% share. China sales up 39% to 52% share. Europe up 22% to 26% share. USA up 18% to 9.66%.
- EV market news - EU, China will look into setting minimum prices on electric vehicles. Shanghai allows more old cars to qualify for trade-in subsidies.
- EV company news - BYD Q1 2025 sales ~1 million, up 58% YoY, Q1 net income doubles YoY. Tesla Q1 global sales slump 13%, Q1 net income drops 71%.
- Mini cancels plans to send 2 EVs to U.S. from China due to tariffs. Leapmotor delivers 41,039 cars in April (up 173% YoY).
- XPENG delivers 129,053 units YTD (end April), up 313% YoY. NIO delivers 23,900 cars in April, up 53% YoY. GWM March NEV sales up 66% YoY.
Welcome to the April 2025 edition of Electric Vehicle [EV] company news.
The past month saw a stronger month of EV sales reported for March. We also saw the Shanghai Auto Show with a huge number of EVs on display as you can view below. A trend this year is several automakers expanding into flying cars and humanoid robots.
Plugin electric car sales as of end March 2025
Global plugin electric car sales were over 1.6 million in March 2025, up 25% on March 2024 sales. Global plugin electric car market share in March was 25% and 21% YTD (for 2025).
China plugin electric car sales were almost 1 million in March 2025, up 39% on March 2024 sales. Plugin electric car market share in China for March was 52% , and 48% YTD (for 2025).
Europe plugin electric car sales were 365,000 in March 2025 (2nd best month ever), up 22% YoY, reaching 26% market share and 25% YTD (for 2025). Norway reached 93.2% share, Sweden 60.7% , Germany 27.1% , France 24.4% , and UK 28.9% in March 2025....
EV Company News For The Month Of April 2025