Electric vehicles begin to slow down: global sales are no longer growing at previous rates 0

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Electric vehicles begin to slow down: global sales are no longer growing at previous rates

Global sales of electric vehicles in 2026 will grow at the slowest pace since the COVID-19 pandemic in 2020, analysts at Benchmark Mineral Intelligence predict.

According to their forecasts, sales this year will increase by 13%, reaching 24 million vehicles.

In 2025, according to the company's estimate, sales will increase by 22%.

Negative factors for the electric vehicle segment include the cancellation of tax incentives in the U.S., the EU's decision not to ban the sale of gasoline-powered cars after 2035, and the slowdown in China's economic growth.

Sales of electric cars in the U.S. this year may drop by 29%, to 1.1 million vehicles, compared to a record figure of 1.5 million last year, according to Benchmark's forecast. In Europe, sales will grow by 14%, to 4.9 million vehicles after a jump of 33% in 2025.

In China, the largest market for electric vehicles, sales will reach 15.5 million in 2026 compared to 13.3 million in 2025. This figure also includes hybrid vehicles.

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