EV Market Hits Speed Bump: China Sales Slide 20%, US Sees Worst Month Since 2022 - Tesla (NASDAQ:TSLA)

Electric vehicle sales worldwide saw a notable decline in January 2026, largely due to a significant drop in the Chinese market, which has been a major player in the EV sector.This downturn is attributed to new taxes and reduced incentives that took effect at the beginning of the year.Global EV Sales DeclineAccording to a report by Electrek, global electric vehicle sales in January 2026 reached 1.2 million units, marking a 3% decrease year-over-year and a 44% drop from December 2025.US Records Low SalesIn c ...