Market Snapshot
Global electric vehicle sales (BEV, PHEV and fuel cell vehicles) reached 11.5 million units through July 2026, up 4 percent year-over-year. China accounted for 51 percent of global EV sales through July. (Read More)
· Europe remains the strongest growth market, with EV sales up 33 percent year-over-year in July and 28 percent through the first seven months of 2026. France led the major markets with an 81 percent year-over-year increase and a record 37 percent EV penetration rate, while Germany and the U.K. grew 46 percent and 43 percent, respectively.
· China’s EV market continued to recover from a weak start to 2026, with July sales down 5 percent year-over-year, reducing the year-to-date decline to 12 percent. At the same time, Chinese EV exports reached another monthly record, exceeding 500,000 units in July as automakers increasingly look overseas for growth.
· North America continues to move in the opposite direction, with EV sales falling 27 percent year-over-year in July and 18 percent year-to-date. U.S. weakness remains the primary drag, with July sales declining more than 30 percent year-over-year as comparisons begin to overlap with last summer’s pull ahead due to the expiration of the federal EV tax credit. (Read More)
· EVs accounted for 6.8 percent of U.S. new light-vehicle sales in July, 3 percentage points below the 9.8 percent share recorded in July 2025, per Omdia estimates. EV sales fell 31 percent year-over-year in July, a decline of roughly 41,760 units. Year-to-date EV sales have declined by nearly 232,000 units (26 percent) compared with the same period in 2025.