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EV Sales Plummet: Nissan Down 61%, BYD Declines

10/6/2025

33 5 Full Breakdown

Summary

Story summary

In Q3 2025, Acura, BMW, and Nissan reported EV sales declines against Q3 2024, with Nissan down 61%.
BYD posted its first monthly decline in overall passenger car sales, down 5.9% year over year, while battery electric vehicle (BEV) sales rose 24.3%.
BYD's overall sales drop is tied to a 25.6% fall in plug-in hybrid sales.

History

Historical Context

In 2021, global electric vehicle (EV) sales soared to over 6.5 million units, a 108% increase from 2020, driven by major players like Tesla and Volkswagen. This surge followed years of growth, particularly in California, which accounted for 12.8% of new car sales that year. Recent declines in sales for brands like Acura and BMW highlight shifting consumer preferences and market saturation challenges.

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Story summary

In Q3 2025, Acura, BMW, and Nissan reported EV sales declines against Q3 2024, with Nissan down 61%.
BYD posted its first monthly decline in overall passenger car sales, down 5.9% year over year, while battery electric vehicle (BEV) sales rose 24.3%.
BYD's overall sales drop is tied to a 25.6% fall in plug-in hybrid sales.

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