EV Sales Hit Records in 37 Countries as Fuel Prices Drive 50% Jump
Updated
Updated · Nikkei Asia · Jun 1
EV Sales Hit Records in 37 Countries as Fuel Prices Drive 50% Jump
3 articles · Updated · Nikkei Asia · Jun 1
March-April EV sales in 37 countries outside China and the US reached record monthly highs, marking a 50% year-on-year increase.
Soaring fuel prices linked to the Middle East war pushed buyers toward vehicles with lower running costs, lifting demand across multiple markets.
The surge suggests the oil shock is reshaping car-buying patterns beyond the two biggest EV markets, echoing how the 1970s energy crisis boosted fuel-efficient Japanese cars.
As the world embraces electric cars, why is the American market moving in reverse?
Is the global EV boom a permanent revolution or a bubble fueled by high oil prices?
Over 20 Million EVs Sold Globally in 2025: How Geopolitics, Policy, and China Are Transforming the Market
Overview
The global electric vehicle (EV) market reached record highs in 2025, with sales surpassing 20 million units and EVs making up over a quarter of all new cars sold. This remarkable growth marks a pivotal shift in the automotive industry, fueled by strong consumer demand, supportive policies, and rapid technological advancements. Europe saw especially robust gains, while China solidified its lead and the U.S. experienced a surge due to policy incentives. Despite these achievements, the market shows significant regional differences and faces new challenges, highlighting the evolving and dynamic nature of the global EV landscape.