Sales of electric vehicles in the 12 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (15 countries in total) totaled 1.483 million units in June, showing a 3.9% increase compared to the previous month (m/m), and a 13.3% increase year-over-year (y/y). The market share of electric vehicles in June was 27.3%, up 2.9 points y/y, and up by 0.8 points m/m. Cumulative sales of electric vehicles for the first half of 2025 increased 27.0% y/y to 7.813 million units, accounting for 24.8% of total vehicle sales volume.

  HEV (hybrid electric vehicle) sales totaled 420,000 units in June, down 6.5% from the previous month but up 0.5% y/y. In June, the HV share was 7.7%, down 0.6 points from the previous month and down 0.1 points from the same month last year. Cumulative sales of HVs in the first half of 2025 reached 2.728 million units, an increase of 19.1% y/y, accounting for an 8.6% share of total automobile sales. The increase in HV sales in the U.S. and China is the main factor for the increase.

  On July 23, U.S. President Trump announced that the U.S. and Japan had reached an agreement on tariff negotiations and that reciprocal tariffs on Japan would be 15%, down from the original 25% proposed by the Trump administration. The additional 25% tariff on automobiles and auto parts will be reduced by half to 12.5%, resulting in a combined tariff of 15% when combined with the existing 2.5% tariff. While tariffs on automobile imports from Japan will be reduced to 15%, tariffs on imports from Mexico and Canada that do not meet the USMCA (United States-Mexico-Canada Agreement) rules of origin will remain at 25%, and the American Automotive Policy Council (AAPC), made up of the Big-3 Detroit automakers, has expressed concern. The American United Auto Workers (UAW) union has also issued a statement opposing the contents of the agreement. Additionally, the United States has announced that it will impose reciprocal tariffs of 35% on Canadian products, 30% on products imported from Mexico and the EU, and 25% on products imported from South Korea, and negotiations with each country remain unpredictable.

Total sales volume / share of electric vehicles and HVs in 12 major countries and 3 Nordic countries

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EV (BEV/PHV/FCV) share HV (excluding MHV) share EV (BEV/PHV/FCV) HV (excluding MHV) Other

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