This report presents new car sales volumes (MarkLines aggregate data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 15 countries, including 12 major countries, which account for approximately 83% of global car sales, and three Nordic countries (*Note).

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  12 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy, Thailand

  3 Nordic countries: Norway, Sweden, Finland

  These 15 countries account for about 90% of global electric vehicle sales.

 (Note 1) Aggregated on April 21, 2025
              Some corrections have been made to past vehicle data.
              Some data includes estimates.
              The sales volume (shipment volume) for China are aggregate figures excluding exports.

 (Note 2) Reasons for high electrification rates in Nordic countries
              1. The population’s environmental awareness has always been high.
              2. A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).
              3. Generous policies such as subsidies, tax incentives, and charging infrastructure development.
              4. A wide range of electric vehicle models is available.

  Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (15 countries in total) totaled 1.490 million units in March, showing a 43.3% increase over the previous month (m/m), and a significant 33.4% increase compared to the same month last year (y/y). In countries such as China and the UK, overall new car sales saw significant growth due to seasonal factors, while in the United States, there was a rush in demand before the imposition of additional tariffs. The market share of electric vehicles in March was 24.2%, up 4.6 points y/y, and up by 1.5 points m/m. Cumulative sales of electric vehicles for the January to March period increased 35.4% y/y to 3.60 million units, accounting for 23.3% of total vehicle sales volume for the period.

  Hybrid vehicle (HV) sales totaled 542,000 units in March. This represents an increase of 29.2% over the previous month, and a 19.0% increase compared to the same month last year. The March single month share was 8.8%, down 0.4 points from the previous month but up 0.8 points y/y. Cumulative HV sales for the January to March period increased 19.0% y/y to 1,381,000 units, accounting for 8.9% of total vehicle sales volume.

  The series of additional tariffs that the Trump administration in the U.S. has launched has had a significant impact not only on imported vehicles, but also on the supply chain of the entire automotive industry. In particular, the additional 25% tariff on automobiles and auto parts that took effect on April 3 covers all non-U.S.-made products, and non-U.S. component prices are subject to the tax even if they meet the rules of origin of the USMCA (U.S.-Mexico-Canada Agreement). This will have a major impact not only on foreign OEMs from Japan, Korea, Europe, etc., but also on American automakers with global operations.

  The reciprocal tariffs do not apply to automobiles and automobile parts, which are subject to the above taxes, but the standard tax rate of 10% came into effect on April 5th, and the additional tax rates, which vary from country to country, were postponed for 90 days from their scheduled effective date of April 9. It has been announced that Japan will have a combined standard tax rate of 24%, while EU countries will have a rate of 20%. China, which has taken retaliatory measures, announced an increase to 125% after April 9, and also stated that it will raise the tariff rate to 125% on U.S. exports to China after April 12.

  The future remains uncertain, including the state of negotiations between the Trump administration and other countries, so it will be necessary to continue to closely monitor developments related to the automotive industry.