From BigGo Finance · BigGo Finance · · 1m 20s
Global EV Sales Drop for First Time in Seven Months
Global EV sales fell 2% year-on-year in September, with Europe's record high failing to offset North America and China's declines.
In brief
Global EV sales fell 2% year-on-year in September, with Europe's record high failing to offset North America and China's declines. Global EV sales dropped 2% year-on-year in September, marking the first decline in seven months as Europe's record sales failed to offset North America's 44% and China's 18% year-on-year…
Global EV Sales Fall
Global electric vehicle sales fell 2% year-on-year to 2.15 million units in September, marking the first decline in seven months.
Europe Sets Record
Europe sold approximately 600,000 units in September, surpassing its previous record by 10% to mark a new all-time monthly high.
North America Plunges 44%
North America's September sales fell 44% year-on-year, the steepest decline so far this year, due to the U.S. federal tax credit expiration at the end of September 2025.
China Declines 18%
China's September sales fell 18% year-on-year to 1.11 million units amid sluggish domestic demand and growing export reliance.
Year-to-Date Growth
Cumulative global EV sales rose 3% year-on-year to 15.5 million units since the start of the year.
Market Divergence
The divergence in demand across major markets has become increasingly pronounced, with Europe driving growth while North America and China face structural shifts.
The bottom line
Global EV sales dropped 2% year-on-year in September, marking the first decline in seven months as Europe's record sales failed to offset North America's 44% and China's 18% year-on-year drops.
