The automotive industry is experiencing a significant shift toward electric vehicles, with multiple manufacturers reporting substantial growth in EV sales during the third quarter of 2025. While overall vehicle sales have reached new heights, with automakers selling 37.6 million vehicles since January, the industry faces an interesting paradox as net profits have declined by 69 percent during the same period [1].
Electric vehicle manufacturers have posted remarkable growth figures, with Volkswagen leading the charge with a 231% year-over-year increase in US EV sales [2]. Other manufacturers have also reported impressive gains, with GMC's EV sales growing 84% [3], and Honda experiencing a 76% surge in EV sales during the third quarter [4].
Tesla continues to dominate the EV market, achieving its best quarterly global production and delivery numbers in history [5]. The company delivered 497,000 EVs in Q3 [6], while newer players like NIO have shown strong growth with a 41% increase in third-quarter sales [7].
In the Australian market, electric vehicles have reached a record 11.3% market share [8], with Chinese manufacturer BYD making significant inroads as their Sealion 7 EV outperforms traditional favorites in the mid-size SUV segment [9].
- Automakers Are Selling More Cars Than Ever. But They're Making Less Money
- Volkswagen’s US EV Sales Explode — 231% Growth Year Over Year
- GMC US EV Sales Grew 84% in 3rd Quarter
- Honda EV Sales Surge 76% in 3rd Quarter
- https://www.carexpert.com.au/car-news/tesla-sets-global-sales-and-delivery-records/
- Tesla (TSLA) announces 497,000 EV deliveries in Q3
- NIO Sales Increased 41% In 3rd Quarter
- Australia September 2025: BEVs at record 11.3% share, BYD Sealion 7 and GWM Haval Jolion score first Top 10 finish
- BYD Sealion 7 EV more popular than Outlander, CX-5 and Tucson mid-size SUVs
