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3 Electric Vehicle Leaders Emerge Amid US Retreat

CHINA, JUL 14 – China saw a 27.86% year-on-year increase in new energy vehicle registrations, reaching 5.62 million in H1 2025, accounting for nearly 45% of all new car registrations, officials said.

  • On July 4, 2025, President Trump signed a bill ending all federal EV tax credits, with consumer credits officially ending September 30.
  • This policy change caused a 6.3% decline in U.S. EV sales in Q2 2025 and challenges the industry’s previous narrative of exponential growth.
  • Globally, EV sales surged 28% in the first half of 2025 led by China’s 5.5 million sales and Europe’s 2 million sales, while North America lagged at 3% growth.
  • Chevrolet rose to second-largest U.S. EV seller with 9.2% market share as Ford declined to 5.3% and Rivian, a young disruptor, gained 3.4%, while Tesla’s market share grew to 46.2%.
  • The U.S. EV market faces mounting pressure from subsidy removals, high prices, and consumer concerns, suggesting a likely sales decline after Q3 despite a predicted brief subsidy-driven boost.
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The global market for electric cars continues to increase rapidly, reaching a total of 9.1 million units sold in the first half of 2025. This value represents a 28% increase compared to...

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rthk.hk broke the news in on Monday, July 14, 2025.
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