News
Sales Of Electric Cars Are Predicted To Decline In 2026
Global growth in electric car sales is expected to slow this year. This is because China is phasing out subsidies, Europe is hesitant about phasing out combustion engines, and American manufacturers and policymakers are adjusting their electric car plans.
Research firm BloombergNEF expects 24.3 million electric passenger cars to be sold this year, representing a 12 percent increase from 2025. That is significantly weaker than the 23 percent growth in sales last year.
In the US, a recovery in sales isn’t expected until 2027 or 2028. “While the long-term outlook for battery-powered vehicles remains positive, there’s no 2026 story that really gives cause for much optimism,” says a researcher at Boston Consulting Group. Due to the Trump administration’s end of certain consumer tax breaks and relaxation of fuel standards, the US electric car market has declined.
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