1. Slower Global EV Sales Growth But Regional Differences
Global electric vehicle sales grew 21% year-on-year in July 2025, marking the slowest rate since January. The slowdown is mainly due to reduced momentum in plug-in hybrid sales in China, which accounts for over half of global EV sales. However, Europe saw a strong surge in EV sales with a 48% increase, benefiting from government incentives, and North America’s sales also rose by 10%.
2. India’s EV Market Continues Rapid Expansion
India’s EV registrations reached nearly 2 million in fiscal year 2024-25, with electric two-wheelers leading the charge at over 1.1 million units sold, a 21% year-on-year increase. Electric cars saw a 52% gain in monthly sales in May 2025, with overall EVs making up about 4% of total car sales, up from 2.5% the previous year. The market is witnessing a boom supported by new model launches and favorable policies.
3. China EV Industry Expands Overseas
For the first time, China’s EV industry is investing more in overseas factories than domestic ones, aiming to strengthen its global supply chain and market footprint amid competitive international landscapes.
4. Battery Prices and EV Cost Dynamics
Although battery prices continue to fall, electric cars remain expensive due to other cost factors, including supply chain challenges and technology integration costs. Policymakers are urged to revisit incentives and support frameworks to bridge this affordability gap.
5. Top EV Stocks to Watch
Leading EV-related stocks in India—including Bharat Electronics Ltd, Himadri Speciality Chemical Ltd, and Tata Motors Ltd—stand out based on strong 5-year compound annual growth rates, offering promising investment opportunities aligned with the growing EV ecosystem.
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