Global plugin vehicle registrations were up 49% in February 2025 compared to February 2024. There were 1.2 million registrations. More good news is that BEVs pulled further ahead of plugin hybrids, growing 58% YoY to 814,000 units compared to plugin hybrids growing 35% to some 403,000 units in the same period.
Interestingly, not only are plugins growing, but fossil-fueled vehicle sales, including plugless hybrids, are on the way down, having fallen some 8% YoY in February.
In the end, plugins represented 19% share of the overall auto market (13% BEV share alone). This means that the global automotive market remains firmly on the path to electrification.
Year to date, plugin electric vehicle market share is also at 19% (13% BEV), thanks to a healthy 32% growth rate. And this isn’t just the result of the quick electrification process of the Chinese automotive market, because even if we exclude China from the total tally, plugins are still growing by 26% YoY, with the major difference being that PHEVs see their growth rate fall from 20% with China included to just 6% if we exclude the largest automotive market in the world.
Significant growth is happening not only in China but also in North America (+20%), Europe (+19%), and especially in the Rest of the World (+35%). The biggest growth is mostly coming from Asia —
Indonesia (+205%), Vietnam (+220%), and Singapore, for example. This last case is especially interesting, because the small country is more than doubling its EV sales from an already significant base in 2024. In fact, it is now at 42% EV share in 2025.
At this pace, not only will Singapore have its automotive market fully electrified before the end of the decade, but it could be the second automotive market, after
Norway, to be fully electrified. It could surpass not only China, but also heavily electrified markets like
Iceland and
Denmark.