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Global Electric Vehicle Market Grows in January 2025
The global electric vehicle (EV) market experienced growth in January 2025, with China leading the charge. According to EV Volumes, China accounted for 73.1% of the global plug-in hybrid (PHEV) market and 53.6% of the battery-electric vehicle (BEV) market.
In the PHEV sector, the BYD Song Plus, also known as the Seal U in some markets, led the way with 25,123 deliveries, albeit a 7.2% decrease year on year. The BYD Song Pro followed closely behind with 20,528 units sold, while the BYD Qin Plus and Qin L finished fifth and sixth, respectively, with 15,721 and 16,047 sales recorded. The Aito M9 and BYD Song L rounded out the top 10 with 11,483 and 11,031 units sold, respectively.
China's PHEV total was 351,392 units ahead of the US, while 328,868 BEV sales separated the two countries. The Volkswagen ID.4 was the only European BEV to make the top 10 table, with 13,416 registrations and a market share of 1.7%.
In the BEV market, the Tesla Model Y led the way with 63,615 units sold, followed by the Geely Geome Xingyuan, which soared into second place with 28,146 sales. The BYD Seagull, Tesla Model Y, Hongguang Mini EV, and BYD Qin Plus also ranked highly, with sales exceeding 100,000 units in the first half of 2025.
PHEV deliveries increased by 24%, but with a lower volume total of 512,486 units. In contrast, BEV deliveries grew by 21% year on year, with 790,842 units sold. The US recorded the next highest BEV and PHEV volumes across the world, but was a distant second.
The Volkswagen ID.4 enjoyed particular success in the US, selling 4,879 units, compared to 1,900 sold in Germany. The Li Auto L6 was seventh in the global PHEV market with 13,990 units sold, representing 2.7% of the market. The BYD Destroyer 05, also known as the Seal 05, finished eighth in the global PHEV market with 11,721 deliveries, capturing 2.3% of the market.
In summary, the Geely Geome Xingyuan led the EV market in China in January 2025, followed by the BYD Seagull and Tesla Model Y, with robust sales also from the Hongguang Mini EV and BYD Qin Plus. The US recorded strong sales in the BEV and PHEV sectors, but China's dominance in the global EV market remains unchallenged.
[1] EV Volumes. (2025). China EV Sales Report for January 2025. [online] Available at: https://ev-volumes.com/china/china-ev-sales-report-january-2025/
[2] EV Volumes. (2025). China EV Sales Report for June 2025. [online] Available at: https://ev-volumes.com/china/china-ev-sales-report-june-2025/
- The growth in the global electric vehicle (EV) market in January 2025 is indicative of a larger shift towards renewable-energy in the future.
- The finance sector plays a crucial role in the EV industry's growth, as investments in electric-vehicles Technology are essential for mass production and affordability.
- With a growing number of energy-efficient electric-vehicles (EVs) on the market, there is an incentive for consumers to adopt this lifestyle, leading to a significant reduction in carbon emissions.
- The success of China's EV market, and specifically in the PHEV and BEV sectors, demonstrates the potential for technological advancements in renewable-energy industries worldwide.
