Nov 29 2025: According to industry data, global electric vehicle (EV) sales increased approximately 23% in October 2025 compared with the prior year, as Europe’s EV adoption surged while North American demand continued to slow. Europe’s growth was driven by new incentives and expanded model availability across key markets such as Germany, France, and the United Kingdom. In contrast, North American EV sales declined sharply following the end of major federal tax credits, highlighting the importance of policy support in sustaining demand.

China’s EV market remained resilient, contributing significantly to global totals and supporting ongoing momentum. The regional mix underscores how supportive regulations and market incentives can shape EV adoption trajectories, even as some mature markets face headwinds due to shifting fiscal policies. Analysts suggest that diversified approaches—including continued consumer incentives and lower-cost models—may be required to sustain growth in more price-sensitive regions.