2025年Q2电动汽车销售回顾（英）_27页_2mb

Electric Vehicle Sales Review Q2 2025 Summary

Core Content Overview

This report provides a detailed analysis of electric vehicle (EV) sales trends and challenges in the global market during Q2 2025, with a focus on the growth of Battery Electric Vehicles (BEVs) and the critical role of rare earth elements (REEs) in the EV industry.

Key Market Trends

• Global BEV Sales Growth:

  • Global BEV sales increased by 33% year on year in Q2 2025 compared to Q2 2024.
  • 19% of all cars sold in analyzed markets were BEVs.
  • China was responsible for 66% of global BEV sales, with H1 2025 BEV sales up by 47%.
  • Europe contributed significantly to the global growth, with H1 2025 BEV sales up by 25%.
  • Germany and the UK showed strong recovery, with Germany’s BEV sales up by 35% in H1 2025.
  • The UK had the highest BEV market share in Europe at 22% in H1 2025.

• US Market Dynamics:

  • US BEV sales declined by 3% in Q2 2025, marking the first quarterly decline since 2020.
  • However, a significant increase is expected in Q3 due to the $7,500 tax credit for BEVs, which is set to expire at the end of September.
  • PHEV sales declined by 4%, while Hybrid sales increased by 36%.

• Other European Markets:

  • Denmark and Norway saw substantial BEV growth in H1 2025, with Denmark up by 47% and Norway reaching a 94% BEV market share.
  • ICE sales in other European markets declined by 21% YoY, indicating a strong shift toward electrification.

Rare Earth Elements (REEs) and Geopolitical Risks

• REEs Importance:

  • REEs are essential for EV motor production, particularly neodymium and samarium.
  • Despite their abundance, they are difficult to extract and are concentrated in few countries, especially China, which holds 48% of global REE reserves and 69% of global production.
  • REEs are a geopolitical tool, as seen in the 2010 export ban by China to Japan.

• Current REE Supply Chain Vulnerabilities:

  • The US and EU are heavily dependent on China for REEs, with the EU relying on 98% of its REE supply from China.
  • In response to trade tensions, both the EU and US are implementing strategies to secure supply and diversify sourcing.

Strategies to Mitigate REE Risks

• Secure Supply:

  • Incentives for exploration have led to the discovery of REE deposits outside China.
  • The EU's Critical Raw Materials Act is aimed at securing sustainable supply.
  • A large REE processing plant is set to open in Poland, and another in France by 2026.

• Boost Recycling and Repurposing:

  • The EU project REE4EU aims to recover 90% of in-process wastes from permanent magnet manufacturing, demonstrating technical and economic viability.

• Identify Alternative Sourcing:

  • The EU's SecREEts project explores methods to extract REEs from phosphate rocks in fertilizer production.

• Pursue Alternative Materials:

  • Battery manufacturers are developing lithium iron phosphate (LFP) batteries that reduce reliance on nickel and cobalt.
  • Companies like BMW have already introduced REE-free electric motors.

• Establish Governmental Contracts:

  • Governments are forging friendshoring agreements with allies to secure REE supply.
  • The European Commission has selected 47 strategic projects with an investment of €22.5 billion.

Regional EV Sales and Market Shares

• Europe:

  • Total BEV sales in the top five markets (France, Germany, Italy, Spain, UK) reached 617,000 in Q2 2025, up by 22% YoY.
  • Combined EV market share reached 61% in H1 2025.
  • Spain had the strongest growth in H1 2025, up by 84% YoY.

• China:

  • BEV sales in Q2 2025 reached 2,107,000, up by 42% YoY.
  • Total EV market share in China reached 53%, with BEV share at 32%.
  • EV market share reached over 50% for the first time in H1 2025.

• United States:

  • BEV sales in Q2 2025 were 292,000, down by 3% YoY.
  • PHEV sales declined by 4%, while Hybrid sales increased by 36%.
  • Total EV market share in the US was 7%, with Hybrid at 13%.

Upcoming BEV Model Launches

• 2025 Launches:

  • Models include Renault R5, Tesla Model Y, VW ID.3, Citroen e-C3, Skoda Enyaq, BMW iX1, Geely Xingyuan, BYD Seagull, Wuling Hongguang Mini EV, Xiaomi SU7, and more.

• 2026–2029 Launches:

  • Upcoming models include Audi A4 e-tron, BMW i1, Ford Bronco Lightning, Nissan Juke, Volvo EX40, Lucid Earth, and others.

Critical Elements Defined by Key Regions

• The report highlights the critical minerals identified by the EU, USA, and China, emphasizing the strategic importance of these elements for the EV industry.

Conclusion

The EV market is experiencing rapid growth, especially in China and Europe, with the US lagging due to policy and incentive changes. The challenge of securing a sustainable supply of REEs is a major concern for OEMs and governments, prompting a range of strategies to diversify supply, boost recycling, and explore alternative materials. The industry is expected to continue its growth trajectory, with new model launches and ongoing efforts to reduce dependency on critical resources.