Global EV sales growth likely to slow after 20% jump in rocky 2025, research firm says

Core Insights - Global electric vehicle (EV) registrations increased by 20% in 2025, but growth is expected to slow down in 2026 due to a decline in China and relaxed electrification targets worldwide [1][3] Group 1: Global EV Market Performance - Global EV registrations rose by 6% to nearly 2.1 million units in December, totaling 20.7 million vehicles for the year 2025 [5] - In China, registrations increased by 2% to over 1.3 million in December, marking the lowest year-on-year growth since February 2024, with a total of 12.9 million units sold in 2025, representing a 17% increase [5] - North American registrations fell by 39% to just over 100,000 cars sold in December, with a 4% decline for the entire year [6] Group 2: Regional Insights - Europe saw a 34% increase in December registrations to over 450,000, with a total annual growth of 33% [6] - The rest of the world experienced a 41% increase in December, totaling over 160,000 units, and a 48% increase for the year [6] Group 3: Future Projections - The consultancy BMI forecasts global EV sales to reach 23.9 million in 2026, reflecting a 15.7% increase, with growth in China expected to accelerate to 21% [7] - Growth in Europe and the rest of the world is projected to slow to 15% and 26%, respectively, while North America is anticipated to see a sharper decline of 23% due to a 29% slump in the U.S. [7]