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Global BEV and PHEV Market Shows Strong Growth in February 2025

The global market for battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) continued its strong growth in February 2025, with several key players making significant strides.

In the PHEV segment, the BYD Song Plus, also known as the Seal U, led the market with 22,441 deliveries and a 5.2% market share. The BYD Song Pro followed closely behind in second place with 19,428 registrations and a 4.5% market share. The Geely Geome Xingyuan finished fourth with 28,588 units, marking its sixth month of deliveries. Notably, two of BYD's Song models held their lead in the first two months of the year.

PHEV deliveries surged by 40.3% year on year, with 432,750 new models registered. The Li Auto L6 was the first non-BYD model in the top 10 of global PHEV registrations, with 13,160 deliveries and a 3% market share.

In the BEV market, the Tesla Model Y remained the most popular model worldwide, with 51,405 deliveries and a 7.2% market share. Despite a 30.8% year-on-year decline, the Model Y maintained its top position. The Xpeng M03 posted 15,312 units in its seventh month of deliveries, while the BYD Yuan Up, also known as the Atto 2, registered 10,942 deliveries in February 2025, significantly higher than the previous month's 1,125 registrations.

The Xiaomi SU7, a BEV, accounted for 3% of all-electric volumes in its 11th month of registrations, with 23,751 units.

Across the first two months of 2025, BEV deliveries increased by 36.1%, reaching 1.59 million units. PHEV deliveries soared 30.9%, with 944,458 registrations. In February 2025, a total of 797,769 battery-electric vehicles (BEVs) were registered worldwide, marking a 55.6% year-on-year improvement.

In conclusion, the BEV and PHEV market in early 2025 shows accelerated growth, with Tesla maintaining a leading position globally and BYD rapidly expanding mainly in China and Europe with a strong mix of electric and plug-in hybrid models. Plugin vehicles now capture a dominant share in key markets like China, signaling a continuing transition from internal combustion engines.

Summary table:

| Region/Market | BEV + PHEV Trends (February 2025) | Top Brands & Notes | |-----------------------|------------------------------------------------------------|---------------------------------------| | Global | BEV deliveries up 36.1%; PHEV deliveries up 30.9% | Tesla leading, BYD expanding rapidly[1] | | China | BEV deliveries up 55.6%; PHEV deliveries up 40.3% | BYD Song Plus leading PHEV market[2] | | Europe | BEV deliveries up 25%; PHEV deliveries data not available | Tesla Model Y leading BEV market[3] | | Australia | BEV + PHEV data not available | Tesla leading, but rivals growing[4] | | Global (selected 15 markets) | EV sales up 13.3% June y/y to ~1.48M units; EV market share rising | General EV market expansion globally[5] |

[1] Based on data from the first two months of 2025 and early-mid year data. [2] BYD Song Pro in second place with 19,428 registrations and a 4.5% market share. [3] Tesla Model 3 in second place with 39,636 registrations, up 18.4% year on year. [4] Data from May 2025. [5] Data from June 2025.

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