2026's EV Sales Hit 1.1M - But Europe Surges While North America Slides (electrek.co)
(Sunday March 15, 2026 @06:51PM (EditorDavid)
from the car-talk dept.)
- Reference: 0180997948
- News link: https://tech.slashdot.org/story/26/03/15/224224/2026s-ev-sales-hit-11m---but-europe-surges-while-north-america-slides
- Source link: https://electrek.co/2026/03/12/global-ev-sales-hit-1-1-million-europe-surges-while-the-us-slides/
Europe's EV sales for January and February spiked 21% from last year, according to new data from Benchmark Mineral Intelligence. [1] Electrek reports that just in those two months over 600,000 EVs were sold in Europe.
And figures for "rest of world" (which excludes Europe, North America, and China) are up a whopping 84% — with 370,000 EVs sold in January and February. (EVs now represent more than 30% of the vehicles sold in South Korea.)
But for the same period China's sales are down 26% from last year, with 1.1 million vehicles sold. And North America showed an even larger drop of 36% from the January/February figures in 2025, now selling just 170,000 electric vehicles, while Canada's EV sales were down 23%. EV sales seem heavily influenced by government incentives, with Germany and France leading Europe's growth:
> EV sales in Germany are up 26% so far this year, following the country's introduction of a new subsidy program at the start of 2026. France's market is up 30%, supported by its existing incentive program.
>
> Italy is also seeing rapid growth. EV sales there jumped 23% month-over-month in February, making it the country's strongest month ever for EV sales. The Italian market is now up 98% year to date. That surge follows the Italian government's October 2025 launch of a new subsidy program, funded by the EU's Recovery and Resilience Facility, to increase EV adoption. Households can receive up to €11,000 ($12,700) in incentives, while smaller businesses can get up to €20,000 ($23,200)...
>
> [T]he global EV transition isn't slowing, but it's becoming much more uneven depending on policy, incentives, and trade rules.
[1] https://electrek.co/2026/03/12/global-ev-sales-hit-1-1-million-europe-surges-while-the-us-slides/
And figures for "rest of world" (which excludes Europe, North America, and China) are up a whopping 84% — with 370,000 EVs sold in January and February. (EVs now represent more than 30% of the vehicles sold in South Korea.)
But for the same period China's sales are down 26% from last year, with 1.1 million vehicles sold. And North America showed an even larger drop of 36% from the January/February figures in 2025, now selling just 170,000 electric vehicles, while Canada's EV sales were down 23%. EV sales seem heavily influenced by government incentives, with Germany and France leading Europe's growth:
> EV sales in Germany are up 26% so far this year, following the country's introduction of a new subsidy program at the start of 2026. France's market is up 30%, supported by its existing incentive program.
>
> Italy is also seeing rapid growth. EV sales there jumped 23% month-over-month in February, making it the country's strongest month ever for EV sales. The Italian market is now up 98% year to date. That surge follows the Italian government's October 2025 launch of a new subsidy program, funded by the EU's Recovery and Resilience Facility, to increase EV adoption. Households can receive up to €11,000 ($12,700) in incentives, while smaller businesses can get up to €20,000 ($23,200)...
>
> [T]he global EV transition isn't slowing, but it's becoming much more uneven depending on policy, incentives, and trade rules.
[1] https://electrek.co/2026/03/12/global-ev-sales-hit-1-1-million-europe-surges-while-the-us-slides/