Back to today’s briefing

Story perspectives

China Dominates Global EV Market with 54% Share

1/10/2026

31 7

Summary

Story summary

In 2025, China solidified its position as the global leader in electric vehicles.
Nearly 13 million full electric vehicles (EVs) and plug-in hybrids were sold, representing 54% of the market.
BYD Company Limited and Geely Automobile Holdings Limited dominated sales, contributing to nearly two-thirds of the passenger-car market.
The shift away from gasoline-powered vehicles has slowed in the U.S. and Europe.

1 of 1

Story summary

In 2025, China solidified its position as the global leader in electric vehicles.
Nearly 13 million full electric vehicles (EVs) and plug-in hybrids were sold, representing 54% of the market.
BYD Company Limited and Geely Automobile Holdings Limited dominated sales, contributing to nearly two-thirds of the passenger-car market.
The shift away from gasoline-powered vehicles has slowed in the U.S. and Europe.