In 2025, global electric vehicle sales surpassed 20.7 million units, a year-on-year increase of 20%. Europe led the way with a growth rate of 33%, while the United States stalled almost entirely due to policy cancellations. China's growth slowed, but its exports remained strong. This article, based on data from Benchmark Mineral Intelligence, analyzes shifts in the industry landscape and future trends.
The IEA's "Global EV Outlook 2026" shows that in 2025, global electric vehicle sales exceeded 20 million units for the first time, accounting for 25% of total new car sales. China led with over 13 million units sold, Europe saw a 30% increase in sales, and the U.S. market share remained stable at around 10%. The restructuring of the industry chain is accelerating.
According to a report by Precedence Research, the global electric vehicle market size is expected to grow from $176.39 billion in 2025 to $581.08 billion in 2035, with a CAGR of 12.66%. The industry's growth is driven by advances in battery technology, AI applications, the expansion of charging infrastructure, and penetration into emerging markets.
Based on the latest data from Cox Automotive, analyze changes in U.S. EV market sales, inventory, and prices in June 2026, and explore the role of the used market in driving EV adoption.
In 2025, global electric vehicle sales exceeded 20 million units, accounting for 25% of the new car market. China leads, Europe grows by 30%, and the US market share remains stable. The latest IEA report analyzes industry trends.
Cox Automotive's latest data shows that in June 2026, sales of new electric passenger vehicles in the U.S. fell 27.8% year-over-year, while used vehicle sales rose 20.3% year-over-year. New vehicle inventory discipline and used market expansion are jointly shaping the EV industry landscape.
The latest IEA report shows that global electric vehicle sales surpassed 20 million units in 2025, with a market share of 25%, and China, Europe, the United States, and emerging markets exhibited differentiated growth patterns.
Based on the latest data from Cox Automotive, an analysis of the U.S. electric vehicle market performance in May 2026: new car sales rebounded 10.3% month-over-month, used car sales grew 24.7% year-over-year, and the industry is showing trends of stabilization and structural growth.
According to the latest report from Cox Automotive, sales of new electric vehicles in the United States in May 2026 increased by 10.3% month-over-month but decreased by 21.9% year-over-year; used car sales rose by 24.7% year-over-year, and inventory days fell to 31, indicating a diverging market.
Frost & Sullivan report points out that the global electric vehicle market is entering a new phase characterized by modular platforms, battery technology integration, and supply chain localization, and it is expected that BEV sales will reach 32.6 million units by 2031.
In May 2026, sales of zero-emission vehicles in Canada increased by 20% year-on-year, but the overall market share remained below 10%, reflecting the slowdown in growth and policy challenges in the North American electric vehicle market.
According to Benchmark Mineral Intelligence data, global electric vehicle registrations in June 2026 rose 7% year-on-year to 2 million vehicles, with the European market hitting a record 31% growth, while China and North America declined by 11% and 13% respectively. This trend highlights a structural divergence in the global EV market, with Europe emerging as the growth engine, and policy rollbacks in China and the U.S. causing demand fluctuations.
US Q2 electric vehicle sales rose 14.2% quarter-over-quarter to 247,226 units, the highest level since the end of federal tax credits. The market is recovering from the policy shock.
The competition in the global electric vehicle industry is shifting from individual products to ecosystem building. Vietnamese automaker VinFast, by integrating charging, mobility, financial services, and other aspects, demonstrates the core elements of next-generation electric vehicle leadership.
The article analyzes how VinFast promotes electric vehicle adoption by building an ecosystem encompassing charging, services, and financing, pointing out that industry competition has shifted from the vehicles themselves to the ecosystem.
In May 2026, European pure electric vehicle sales increased by 39% year-on-year, with a market share of 24%. Plug-in vehicles overall grew by 28%, Tesla Model Y returned to the top, and BYD Atto 2 set a record.
Based on the discussions at the "Future of Mobility" summit in London, this analysis examines trends in the global automotive industry as it shifts from electrification toward pragmatic hybrid solutions, collaboration, and supply chain localization, as well as the competitive pressures arising from the rapid rise of Chinese companies.
Analyzing the impact of the 2026 price war in China's electric vehicle market on the industry: although it led to a short-term decline in sales and pressure on profits, it drove technological iteration, supply chain optimization, and an export boom, making China's electric vehicles more competitive in the global market.
The price war in China's electric vehicle market has led to a short-term decline in sales, but intense competition has spurred technological breakthroughs and cost optimization, driving Chinese companies to accelerate their global expansion and reshape the global electric mobility landscape.
Analyze how the global EV industry landscape is being reshaped by key companies under the wave of electrification and autonomous driving, focusing on technology routes, supply chain changes, and commercialization progress.
UK new car sales reached 160,662 units in May, up 7.1% year-on-year, with Chinese brands performing notably well as BYD, Chery and others significantly increased their market share. BEV registrations rose by 34.2%, but still fell short of the ZEV mandate target, indicating that stronger policy support is needed for the UK's electric vehicle transition.
A study published in Nature Sustainability指出 that the environmental benefits of power battery recycling depend not only on the recycling rate, but also on the spatial layout of recycling facilities, technological pathways, and regional power structure. This conclusion has direct industrial significance for the long-term restructuring of global Electric Vehicles, Battery Supply Chain, and Clean Transportation.
Reuters data showed that Tesla’s Shanghai factory sales of China-made electric vehicles rose 39.4% year on year in May, marking the seventh consecutive month of growth. Meanwhile, BYD maintained strong shipments in overseas markets such as Europe, highlighting that global Electric Vehicles competition is shifting from a simple price war to a comprehensive contest involving product differentiation, autonomous driving capabilities, and supply chain efficiency.
Nissan is making Europe an important battleground in its new round of electric vehicle product offensive, aiming to boost its market presence with new EV models. This move reflects intensifying competition in the global EV industry, diverging paces of electrification across Europe, and the trend of automakers repositioning themselves around battery supply chains, charging infrastructure, and smart mobility.
China’s major electric vehicle companies are lowering their profit expectations amid pressure on domestic sales, reflecting that competition in the EV market has shifted from scale expansion to a multidimensional contest of technology, supply chains, and business models.