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Global EV sales fall again in February
Yahoo Finance· 2026-03-13 00:05
Group 1 - Global EV registrations fell 11% in February, primarily due to a significant sales drop in China, marking the largest decline since early 2020 [1][2] - China, the largest EV market, experienced a 32% year-on-year drop in new battery-electric and plug-in hybrid car registrations, totaling less than 500,000 vehicles [2] - The North American market contracted by 35% to under 90,000 EVs sold, continuing a downward trend for five consecutive months following the end of an EV tax credit scheme [3] Group 2 - Overall car sales in China dropped by 34% in February, indicating a broader decline in the automotive market [2] - Despite the downturn in other regions, Europe saw a 21% increase in EV sales in February, although the growth rate is slowing compared to the previous year [4] - EV registrations in the rest of the world grew by 78% to over 180,000 cars, driven by the expansion of Chinese carmakers in various international markets [5]