Overview
- Worldwide EV deliveries totaled about 1.2 million in January 2026, down 3% year over year and 44% from December, according to Electrek data cited by Yahoo Finance.
- China’s market weakened sharply with sales down 20% year over year and 55% month over month after a 5% purchase tax returned and trade‑in support was pared back, Benchmark Mineral Intelligence reported.
- North American sales fell 33% year over year, with the U.S. logging its lowest monthly EV tally since early 2022 following the expiration of federal tax credits in September 2025.
- Europe showed relative strength with more than 320,000 EVs sold, a 24% annual increase despite a month‑to‑month decline, helped by renewed subsidies and efforts to meet EU emissions targets.
- Automakers including Ford, General Motors and Stellantis have adjusted plans and recorded sizable write‑downs as demand cooled, while smaller markets such as South Korea, Brazil and Thailand posted rapid growth.