China leads increased EV purchases

China’s BYD opens its first electric vehicle (EV) factory in Southeast Asia, in Rayong

EV cars are pictured inside BYD’s first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa/File Photo

CHINA in February again led purchases of electric vehicles, which increased worldwide versus a year ago, even as European Union tariffs on China-made EVs reduced sales of some brands, research firm Rho Motion said on Wednesday.

Overall sales, including battery electric and plug-in hybrid vehicles, rose by 49 percent in February year on year to 1.2 million, but the researchers said the figure was distorted by the timing of Chinese New Year.

Compared with January, figures were down 3 percent.

The EU imposed tariffs on China-made cars at the end of October after an anti-subsidy investigation.

Rho Motion Data Manager Charles Lester said sales of MG, which is owned by China’s SAIC and was hit by some of the biggest tariffs, had fallen sharply.

SAIC’s sales growth of cars made in China was on average 19 percent lower in the months between November 2024 and January 2025 in Europe and European Economic Area, compared to the January to October 2024 period, Lester said.

Sales of Honda, which produces some battery-electric (BEV) models of the Dongfeng Honda brand in China, Mercedes, Geely, Tesla, Renault’s Dacia Spring and smaller Chinese brands Nio and Xpeng, were also impacted by the tariffs, Lester said.

BYD, however, is gaining ground in Europe and increasing its market share worldwide despite the tariffs, he said.

Because of the timing of Chinese New Year holidays this year, China recorded a yearly increase of 76 percent in February, and of 35 percent for the first two months of the year.

Sales in Europe were up 19 percent in the month compared with a year earlier the second consecutive month of double-digit growth since EU CO2 emission targets came into effect with Germany up 40 percent in the first two months of 2025.

North America’s EV sales grew by 17 percent in the month from a year before, but US President Donald Trump’s stance toward electrification will lead to reduced yearly forecasts for the country, Lester said.

Mexico’s EV market more than doubled due to Chinese EV imports that started “in bulk” last year, Rho Motion said in a statement.

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