In 2025, the global new energy vehicles market presents a differentiated picture of “the East accelerates, the West stumbles”, with China leading the world with a penetration rate of nearly 50%, Europe struggling to move forward in the subsidy slopes, and the North American market experiencing weak growth in the policy swing. This is a global slice of the new energy vehicle industry in 2025: China’s exports of new energy vehicles in the first half of the year grew 116.6% year-on-year, and BYD’s overseas shipments exceeded 85,000 units in a single month; the new energy penetration rate in the European...
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