South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
China Factory Activity Slips in January as Weak Demand Weighs on Growth Outlook 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Indonesia Stocks Face Fragile Sentiment After MSCI Warning and Market Rout 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Asian Stocks Waver as Trump Signals Fed Pick, Shutdown Deal and Tech Earnings Stir Markets 
South Korea Factory Activity Hits 18-Month High as Export Demand Surges 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
Oil Prices Surge Toward Biggest Monthly Gains in Years Amid Middle East Tensions 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Asian Currencies Hold Firm as Dollar Rebounds on Fed Chair Nomination Hopes 
U.S. Eases Venezuela Oil Sanctions to Boost American Investment After Maduro Ouster 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Global sales of electric vehicles (EVs) and plug-in hybrids soared 23% in October to 1.9 million units, according to market research firm Rho Motion. The surge was fueled by robust demand in key markets like China and Europe, signaling continued momentum in the global transition toward cleaner transportation.
Europe recorded the strongest regional growth, led by Germany, France, and the UK, with sales climbing 36% to 372,786 units. The region’s performance was further supported by new EU-approved battery projects and steady consumer demand, even as overall sales moderated after a peak in September.
China, the world’s largest automotive market, accounted for more than half of total global EV sales with approximately 1.3 million units sold. The country continues to maintain a significant edge due to closer price parity between electric and internal combustion engine (ICE) vehicles compared to Western markets. Rho Motion data manager Charles Lester noted that Chinese demand is expected to remain strong through the end of the year, as buyers rush to take advantage of full purchase tax exemptions on new energy vehicles before they are reduced to 50%.
In contrast, North America experienced a notable slowdown, with sales plunging 41% to 100,370 units after record highs in August and September. The drop followed the expiration of the $7,500 federal tax credit, which had temporarily boosted EV purchases. Analysts say high prices for battery-electric models compared to ICE vehicles remain a significant barrier to adoption in the U.S.
Overall, sales in the rest of the world increased 37% to 141,368 units, highlighting global momentum toward electrification despite regional challenges. Experts anticipate continued strength in China and Europe, setting the stage for another strong finish to 2025’s EV market.
