Report: Global Electric Vehicle Sales Growth in 2026 Expected to Hit Post-Pandemic Low

On January 4, Gelonghui reported that a study shows the growth rate of global electric vehicle sales in 2026 is expected to hit its lowest level since the global economic impact of the pandemic in 2020, as the transition away from fuel-powered cars faces new obstacles. According to Benchmark Mineral Intelligence, a research institution, global electric vehicle sales (including pure electric and plug-in hybrid vehicles) are projected to grow by only 13% to 24 million units in 2026, significantly lower than the anticipated 22% growth in 2025. Corporate executives and analysts point out that factors such as the Trump administration's cancellation of electric vehicle tax incentives and the EU's relaxation of the fuel car ban originally set to take effect in 2035 will affect the industry's fortunes this year.