Global Electric Vehicle (EV) Sales Review | Q3 2025 Market Report

In Europe’s top five markets (Germany, the UK, France, Spain, and Italy), BEV sales increased by 32% in Q3 2025, reaching 1.37 million registrations—the highest quarterly total since Q4 2022. Year-to-date BEV sales have already exceeded one million units, underscoring Europe’s recovery after a flat 2024. Within the EU, Germany, the UK, and France dominate in scale, while Spain and Italy show rapid percentage growth from a smaller base.

PHEV sales also rebounded strongly, up 65% year-on-year, supported by double-digit increases in most markets—except France, where they fell by 8%.

➡ Takeaway for exporters: Europe remains one of the most stable and policy-driven EV markets, ideal for targeting mid- to high-end BEV and PHEV models that comply with EU emission standards.

💡 Popular Export Option for European Markets: 2024 iCAR 03T Long-Range EV – compact SUV with 500+ km range, perfect for urban distributors.

China maintained its position as the world’s largest EV market. BEV sales grew 36% year-on-year in Q3 2025, surpassing the 2-million-unit mark for the first time in a third quarter.

However, PHEV sales declined by 6%, suggesting a market shift toward full electrification as BEV models become more affordable and infrastructure matures.

China’s government continues to support New Energy Vehicles (NEVs) through tax exemptions, purchase subsidies, and license plate incentives, ensuring steady long-term demand.

➡ Export insight: As domestic competition intensifies, Chinese brands are accelerating EV exports to emerging markets—offering opportunities for auto parts suppliers and vehicle traders.

South Korea’s BEV market surged 86% year-on-year, reaching an 18% market share in Q3 2025. Government incentives, local manufacturing capacity, and expanding fast-charging networks contributed to record adoption.

➡ Export opportunity: Korean automakers are strengthening partnerships abroad; component exporters can benefit from supply-chain integration and rising overseas demand.

Japan’s market remains hybrid-centric, with hybrids accounting for around 60% of new car sales in Q3 2025. While BEV adoption is gradual, recent infrastructure investments and new EV launches by domestic brands point toward steady long-term growth.

➡ Market note: Exporters should monitor Japan’s slow but stable BEV penetration—potential for specialized EV parts and compact segment exports.

In the United States, BEV sales grew 22% year-on-year in Q3 2025, reaching a 10% market share for the first time ever. This growth was fueled by consumers taking advantage of the federal tax credit (up to $7,500) before its expiry in late September.

PHEV sales saw a modest 3% increase after four consecutive quarterly declines, while hybrid vehicle sales climbed 20%, securing a 12% share year-to-date.

➡ Export insight: With rising EV demand but ongoing policy uncertainty, the U.S. remains a strategic but regulated destination for EV exports and parts supply.