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The global EV market exploded in 2025 with over 20 million plugin vehicle sales, pushing plugin share to 26%. Europe and the Rest of the World are now driving growth, even as China slows and North America experiences a 'hangover.'
While BYD emerged as the global BEV sales leader in 2025 with 28% growth, its December sales experienced an 8% drop, signaling nuanced market shifts for both its BEV and PHEV divisions, despite soaring commercial vehicle performance.
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