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Global EV Market Surges: China Dominates with 31.4M

6/27/2025

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Story summary
  • The global electric vehicle (EV) market hit 56 million units, with China leading at 31.4 million (56%).
  • The U.S. ranks second with 6.4 million, while Germany has 2.6 million EVs.
  • Extended-Range Electric Vehicles (EREVs) are increasingly popular in China for their cost-effectiveness.
  • Government policies and infrastructure enhancements are vital for boosting global EV adoption.