Is the EV revolutionary movement still at its peak?

  • According to Rho Motion, Electrek, the global sales for the electric vehicles in Jan-Jul 2025 are expected to be 10.7 M, up 27% YoY; 1.6 M in July(+21% YoY, -9% MoM).
  • According to Rho Motion, the passenger car sales in China are expected to be ~6.5M YTD; EVS>50% of monthly passenger-car sales for the third straight month. Battery electric vehicles are up by ~40% YTD.
  • According to Rho Motion, electrive.com, Reuters, Electrek, in Europe, ~2.3M YTD(~+30%), Germany(+43% YTD), and the UK (+32% YTD) lead. France is sluggish but relaunches social electric vehicle leasing for low-income households from Sept 30, 2025 (>=50k vehicles). Italy is surging on ~$700M new incentives with market share ~11% vs Germany ~27% and the UK>30%.
  • According to Rho Motion, YTD growth in North America is ~+3% through H1, uncertain around tariffs and policy drags momentum.
  • According to Car and Driver, Ford From the Road, Ford unveiled a “Universal EV Platform” and targeted a $30k midsize electric pickup(LFP, due 2027)
  • According to Reuters, The White House, the U.S. also recently outlined 15% baseline tariff frameworks with Japan/EU; Chinese EVs are also facing a steep rise with U.S. tariffs from earlier actions.
  • According to sneresearch.com, Rest of World; in OEMs, BYD is the No.1, Tesla top BEV brand in the U.S.; VW Group, SAIC, Geely, GAC, and Hyundai-Kia in the lead pack.
  • According to RushLane, 15,423 electric cars were sold in India—up 93% YoY, the highest monthly total so far this year.
  • Tata Motors led with 6,019 units, driven by models like the Nexon EV and newly launched Harrier EV.
  • MG Motor India surged with 5,291 units, thanks to the Windsor and Comet EVs.
  • Mahindra followed with 3,810 units, bolstered by its XUV 9e and BE6 electric SUVs.
  • BMW dominated the luxury EV segment with 324 units, holding a 58% market share.
A futuristic electric vehicle with a sleek design and open door parked on a street, surrounded by pedestrians and colorful storefronts.

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