China is the largest electric vehicle market, far ahead of the competition. The Chinese market sold nearly 9 million new vehicles, with a growth rate of 33%, higher than the global average. Europe ranked second, with 2.6 million new electric vehicle registrations, a 30% increase.

Within Europe, Germany, the UK, and France are leading the pack. Germany sold 545,000 electric vehicles, a 43% increase. The UK sold 473,000, a 24% increase. France sold 327,000, a 12% increase.

“We are seeing strong growth in Europe and leading markets like Germany,” said Harald Wimmer of PwC. “This growth is driven by the emergence of increasingly attractive high-performance models.” He added that car and battery manufacturers have done their homework; in addition, the return to a unified and familiar brand design language and naming conventions has also played a positive role.

The US added 1.2 million electric vehicles throughout the year, with sales declining slightly. Electric vehicle sales have fallen sharply since the US tax credit expires at the end of September 2025. In the fourth quarter of 2025, US electric vehicle sales fell by 31% year-on-year.

Experts predict that the electric vehicle market will still see significant growth in the coming years, although at a slower pace.

“The electric vehicle boom will continue and transform the global market,” said Jørn Neuhausen of PwC. He said the next step will be to move beyond electric vehicles themselves to holistic solutions, such as bidirectional charging technology that could turn cars into mobile energy storage devices.

According to a report on the website of the UK’s Daily Telegraph on January 27, electric vehicle sales in Europe have surpassed those of gasoline vehicles for the first time, as Chinese brands such as BYD make significant inroads into the continent. According to data from the European Automobile Manufacturers Association (ACEA), 217,900 electric vehicles were sold across the EU in December last year, compared to 216,500 gasoline vehicles.

The data shows that compared to December of the previous year, electric vehicle sales increased by 51%, while gasoline vehicle sales decreased by 19.2%.

ACEA data also shows that Chinese brands continued to achieve considerable growth in the European market last year, with BYD alone more than doubling its sales in December to 18,000 units.

However, on an annual basis, electric vehicles still lag behind gasoline vehicles. According to ACEA, by 2025, electric vehicles will account for 17.4% of total sales in the European market, while gasoline vehicles will account for 26.6%.