Radar Armenia presents the main events and trends in the automotive industry in 2025.
Strengthening Chinese manufacturers and BYD's leadership
BYD became the world's leading electric car manufacturer in 2025, overtaking Tesla and capturing a 15-20% market share. The main factors of success were affordable prices and rapid technological development.
Sharp increase in demand for hybrid vehicles
Sales of PHEV and HEV models, especially in the US and Europe, increased by about 36%. Hybrids have become a widely accepted alternative to electric vehicles, allowing manufacturers to meet strict emission standards without making a complete transition to electric-only vehicles.
Expansion of the electric car market in developing countries
In Southeast Asia, Brazil, and Latin America in general, demand for electric cars increased by about 60%. Affordable Chinese models and local investment programs have facilitated this expansion.
