At the start of the year, it seemed as though the EV revolution in the U.S. was dead in the water—sales in the final quarter of 2025 were at the lowest point since the end of 2022 as Biden-era government EV subsidies expired and domestic automakers pulled back on their investments in electric vehicle production.
U.K. & Europe
In the U.K., electric car sales reached a record high, with 86,120 vehicles sold in March. U.K.-based EV specialist Octopus Electric Vehicles said on March 25 it had seen EV leasing inquiries rise 36% since the start of the conflict.
Germany's largest online car market, mobile.de, told Reuters that the share of EV searches on its website has tripled since the start of March—from 12% to 36%, with car dealers receiving 66% more enquiries for used EVs than in February.
South Korea reported that registrations for electric vehicles more than doubled in March compared to the prior year, due in part to rising fuel prices and government subsidies. In Malaysia, Chinese EV company BYD’s distributor told Reuters that it observed an uptick in enquiries and customer interest in March compared with the first two months of the year. In Pakistan, electric rickshaws have been selling out, according to Bloomberg.
New Zealand & Australia
In New Zealand, more than 1,000 EVs were registered in the week that ended on March 22, close to double the week before, making it the country’s biggest week for electric vehicle registrations since the end of 2023, according to the country’s Transport Minister, Chris Bishop.
As Australian Prime Minister Anthony Albanese said at the end of March: "I don't think there's anyone out there today who has bought an electric vehicle who's regretting the decision at this point in time."
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