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EV sales growth to slow in 2026 after 20% rise in 2025: report
Global EV registrations grew 20% in 2025 but are expected to slow in 2026, according to Benchmark Mineral Intelligence (BMI).
In December, global EV registrations rose 6% to nearly 2.1 million units, bringing the 2025 total to 20.7 million vehicles.
China sold 12.9 million EVs in 2025 and produced 71% of global supply, though December growth slowed to 2%.
North America saw registrations fall 39% in December and 4% for the year after US tax credits ended.
Europe recorded strong growth, up 34% in December and 33% for 2025.
BMI forecasts global EV sales of 23.9 million in 2026, up 15.7%, but expects a 23% drop in North America.
🔗 Source: Reuters
🧠 Food for thought
Implications, context, and why it matters.
China’s EV market cools as subsidies fade
- December EV registrations rose 2% year over year, the slowest since February 2024, as purchase incentives wind down and demand shifts to regular buying patterns (Benchmark Mineral Intelligence, BMI).
- China led with 12.9 million EVs sold in 2025 (Benchmark Mineral Intelligence, BMI) and a 34% Battery Electric Vehicle (BEV) share in Q3 2025 1. BEV sales jumped 36% in Q3 2025 while Plug-in Hybrid Electric Vehicle (PHEV) volumes fell 6% 1.
- With 71% of global production, factories now face slower growth in tier-1 cities while automakers compete on price with innovation (Benchmark Mineral Intelligence, BMI).
- North America dropped 39% in December to slightly above 100,000 vehicles, with a 4% full-year slide after US tax credits ended (Benchmark Mineral Intelligence, BMI).
Europe and growth markets need better charging
- Europe grew 33% in 2025 while the rest of the world climbed 48%, which will strain chargers as Europe’s top five markets saw BEV sales up 32% in Q3 2025 1 (Benchmark Mineral Intelligence, BMI).
- Operators face a patchwork market in Europe, where Denmark hit 70% BEV share while the UK reached 23% 1. They need localized uptime monitoring (real-time charger availability and reliability tracking) plus payment roaming solutions (cross-network, cross-border payment acceptance) for cross-border charging 1.
- Battery plus energy management companies can target these regions with grid-integration software (tools that synchronize charging with power-grid capacity) to help utilities handle demand swings with smart charging systems (automated load shifting and rate control).
