Global electric vehicle sales grew over 21% year-on-year in July and crossed 10.7 million units sold globally, a 27% year-to-date increase as China continues to be in the driver's seat of global EV growth.
1.6 Million Electric Vehicles Sold In July, China Continues 50% Market Penetration
Global EV sales clocked in at 1.6 million units in July, which, while representing a 21% YoY growth, still declined 9% when compared to May 2025, data shared in a report by market research firm Rho Motion showed on Tuesday.
The report shows that China has maintained a 50% EV penetration rate for July despite a slip in sales, with the EV market falling 13% in July compared to June 2025. China's EV sales were also up 40% Year-To-Date.
North America Records 2% Growth In EV Sales
EV sales in North America recorded a modest 2% growth YTD and Rho Motion expects short-term growth in EV sales before the $7,500 Federal EV Credit ends on September 30.
Elsewhere, the European EV sales grew 30% YTD. Germany and the UK lead with growth of 43% and 32%. Italy experienced a 40% surge in sales, the report suggests.
Tesla Sales Down, BYD Experiences Growth
The report comes as Tesla Inc. (NASDAQ:TSLA) recorded dwindling sales in multiple markets throughout the globe. Tesla also experienced a 21% fall in sales in California.
Elsewhere, BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) also recorded a growth of more than 300% in the UK as the company bolsters its presence overseas.
Ford Unveils New EV Platform, GM To Source Batteries From CATL
Ford Motor Co. (NYSE:F) has unveiled its all-new affordable EV platform that the company says will help the company compete with the Chinese automakers. The company also plans to invest $5 billion into production efforts.
Meanwhile, General Motors Co. (NYSE:GM) has announced it will import LFP batteries from Contemporary Amperex Technologies Limited, or CATL, for the company's most affordable electric vehicle, the Chevrolet Bolt EV.
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