Insights
Market signals beyond the numbers.
Briefings on what the data implies for OEMs, regions, and supply chains.
Global EV sales reach 7.75 million through May, up 3.5% as regional fortunes diverge
May marked the strongest month of 2026 so far with 1.85 million EVs sold worldwide, up 7.2% year on year — but the headline hides a three-speed market: Europe surging, China contracting, North America resetting.
China EV sales down 10.4% through May — but the decline is narrowing, and the challenger brands are on fire
China booked 4.16 million EV sales in January–May 2026, still over half the world market. The 10.4% YTD decline masks a clear recovery curve: May was down just 2.8%, and newcomers like Xiaomi and Li Auto posted breakout volumes.
Europe leads global EV growth: sales up 27.5% through May with every major market advancing
Europe delivered 1.99 million EV sales in January–May 2026, the fastest-growing major region. Germany, the UK, France, Italy and Spain all posted double-digit gains, and the affordable-BEV wave is reshaping the model rankings.
North American EV sales fall 27.6% through May as the US market resets — Canada and Mexico buck the trend
North America recorded 517,318 EV sales in January–May 2026, down 27.6%. The US contraction (-33.5%) dominates the headline, but Canada (+22.0%) and Mexico (+69.8%) kept growing, and Tesla still accounts for over a third of the region.