PHEV sales reached 6.86 million units worldwide in 2025
- Global sales of plug-in hybrid electric vehicles (PHEVs) reached 6.86 million units in 2025 (7.5% of the global market), compared to 6.44 million in 2024 (7.0% of the global market), representing a 6.7% increase. Overall, PHEV sales are almost half those of battery electric vehicles (BEVs) worldwide. It is worth noting that this relatively high sales volume of PHEVs is achieved while the future of PHEVs remains uncertain regarding the European Commission's 2035 targets, specifically whether or not they will be banned from the roads by that date. 5.23 million PHEVs were sold in China in 2025 (compared to 5.1 million in 2024), 1.27 million in Europe (compared to 0.95 million in 2024), 0.33 million in the USA (compared to 0.32 million in 2024) and 42,000 in Japan (compared to 64,000 in 2024).
- The trend observed in China is a rebound in PHEV sales after a collapse in demand in the first half of 2025. PHEV market share rose from 15% in the first half to 20% in the second half, with the full year falling precisely in the middle of these two figures, at 17.5% of the market. It is likely that PHEV sales growth will continue in 2026, reaching 20% of the market for the year.
- The trend observed in Europe (9.5% market share in 2025 compared to 7.5% in 2024) represents accelerated growth in 2025, following a period of stagnation in 2023 and 2024. Chinese PHEVs have undoubtedly played a leading role in reviving the European PHEV market. PHEV sales in Europe could exceed 10% market share by 2026.
- The trend observed in the USA and Japan is a stagnation of PHEV sales at a low level, well below 5% of the market.