Your Monthly EV Market Boost — April 2026:
Market Snapshot
Global electric vehicle sales (BEV, PHEV and fuel cell) reached 4 million units through March 2026, down 8 percent year-over-year. China holds 47 percent of global market share. (Read More)
China’s EV sales nearly doubled in March following a weak February (Lunar New Year effect), but the market remains down 21 percent year-to-date. With domestic demand constrained, exports are absorbing excess supply, though rising overseas inventories suggest that global demand may not be keeping pace. (Read More)
EVs accounted for 7.5 percent of U.S. new light-vehicle sales in March, below the 9.7 percent share recorded in March 2025, per Omdia estimates. EV sales fell 32 percent year-over-year in March (roughly 48,000 units). Year-to-date EV sales are down 111,550 units (29 percent).
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