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Global Electric Vehicle Sales Return to Growth in October
Battery electric vehicle sales drove the monthly gain, while Europe and North America posted stronger demand, Benchmark Mineral Intelligence data showed.
- Global sales of new battery-electric and plug-in hybrid electric vehicles climbed 8% from a year ago to 2.09 million vehicles in October, according to UK-based research firm Benchmark Mineral Intelligence.
- European sales grew 36%, while North America returned to growth with a 24% rise in October, marking the region's first year-over-year increase in 2026.
- China's domestic market declined 12%, but manufacturers pushed record exports of nearly 600,000 vehicles, which Benchmark data manager Charles Lester said contributed significantly to global demand.
- Outside China, Europe, and North America, sales rose 85% to 300,000, while Portugal's EV share reached 55% and Germany's sales topped 95,000, rising almost 80%.
- Starting April 1, 2027, the European Union will cap imports of Chinese-built hybrids, and China will reduce its EV export VAT rebate from 13% to 9%.
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17 Articles
17 Articles
Global electric vehicle sales rose 8 percent year-on-year in October to reach 2.09 million units. Sales in Europe increased by 36 percent, while North America saw a 24 percent rise. Despite a continued contraction in China's domestic market, automakers' focus on exports supported global growth.
·Istanbul, Türkiye
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China's domestic EV market contracts 12% year-on-year to 1.14 million units, Benchmark Mineral Intelligence reports
·Ankara, Türkiye
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Global electric vehicle sales return to growth in October
Global demand for electrified cars returned to growth in October, reflecting a very low US comparison base coupled with continued growth in Europe, data from UK-based research firm Benchmark Mineral Intelligence showed on Thursday.
·London, United Kingdom
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Total News Sources17
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
Factuality
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