{"id":32298,"date":"2026-02-13T03:47:00","date_gmt":"2026-02-13T03:47:00","guid":{"rendered":"https:\/\/techgolly.com\/?p=32298"},"modified":"2026-02-13T03:47:00","modified_gmt":"2026-02-13T03:47:00","slug":"global-electric-vehicle-sales-drop-as-us-and-china-cut-support","status":"publish","type":"post","link":"https:\/\/techgolly.com\/news\/global-electric-vehicle-sales-drop-as-us-and-china-cut-support","title":{"rendered":"Global Electric Vehicle Sales Drop as US and China Cut Support"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">Key Points:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Global electric vehicle registrations fell by 3% in January.<\/li>\n\n\n\n<li>Sales in China dropped 20% due to new purchase taxes.<\/li>\n\n\n\n<li>North American sales plunged 33% to levels not seen since 2022.<\/li>\n\n\n\n<li>European markets grew by 24% but showed signs of slowing down.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Global sales of electric vehicles (EVs) hit a speed bump in January. According to new data from consultancy Benchmark Mineral Intelligence, total registrations fell by 3% compared to last year. This decline happened because major governments, specifically in China and the United States, changed the rules on subsidies and taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The numbers in the world&#8217;s biggest markets paint a tough picture. In China, sales dropped by 20% to less than 600,000 units. This is the lowest number the country has seen in almost two years. The drop came after the government introduced a new purchase tax and lowered the financial help available for buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The situation in North America is even steeper. Sales there fell by 33%, with just over 85,000 vehicles sold. In the United States specifically, monthly sales hit their lowest point since early 2022. Carmakers are struggling with a tough market under President Donald Trump, facing policy changes that make selling EVs harder. Because of these challenges, major auto companies have lost about $55 billion in value over the past year as they scale back their electric ambitions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Europe managed to stay positive, but the momentum is fading. Sales grew by 24%, reaching over 320,000 vehicles. However, this was the slowest growth rate the region has recorded since last February.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The bright spots in the industry came from unexpected places. In the &#8220;rest of the world&#8221; category, sales skyrocketed by 92%. Countries like Thailand, South Korea, and Brazil are seeing a massive boom in electric cars, largely driven by government incentives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Charles Lester, a data manager at BMI, noted that China is responding to its domestic slowdown by shipping cars elsewhere. He expects Chinese manufacturers to aggressively export EVs to Southeast Asia throughout 2026.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, many drivers are compromising by choosing hybrid cars. These vehicles mix gas engines with batteries and are becoming popular as a bridge technology. While carmakers say this protects jobs, environmental experts warn that some hybrids do little to lower actual emissions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points: Global sales of electric vehicles (EVs) hit a speed bump in January. According to new data from consultancy Benchmark Mineral Intelligence, total registrations&hellip;<\/p>\n","protected":false},"author":1,"featured_media":29184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[44,45,48,43],"tags":[],"class_list":["post-32298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-exclusive","category-product","category-technology"],"_links":{"self":[{"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/posts\/32298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/comments?post=32298"}],"version-history":[{"count":0,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/posts\/32298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/media\/29184"}],"wp:attachment":[{"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/media?parent=32298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/categories?post=32298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techgolly.com\/news\/wp-json\/wp\/v2\/tags?post=32298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}