Global EV And PHEV Sales Rise, But North America Lost Over A Quarter Of Its Buyers

EV frenzy ignites lithium rally

Image: AdobeStock.com/pengzphotoGlobal electric vehicle (EV) sales hit 1.6 million units in April, highlighting a market increasingly defined by regional divergence and shifting supply chain dynamics. New data from Benchmark Mineral Intelligence showed April EV sales rose six per cent year-on-year, despite falling nine per cent month-on-month after March’s record surge. Year-to-date sales now total 5.6 million units. For Australian resources inv…

Global EV And PHEV Sales Rise, But North America Lost Over A Quarter Of Its Buyers

Global EV and PHEV sales rose 6 percent year over year in April. Europe carried the gains as Italy, France, and Germany surged. China’s domestic market shrank 17 percent year to date in 2026. The global plug-in market keeps tilting in odd directions. Demand for battery-electric and plug-in hybrid cars is up worldwide, almost entirely on the back of Europe, while the two markets that used to lead the charge are losing altitude. According to d…

Global EV Sales Hit 1.6 Million in April Despite Regional Slowdown

Global electric vehicle adoption continues to expand in 2026, but the pace of growth is becoming increasingly uneven across key markets. New data from Benchmark Mineral Intelligence shows that 1.60 million EVs were sold worldwide in April 2026, bringing total year-to-date (YTD) sales to 5.6 million units.While April delivered a modest 6% year-on-year increase, it also marked a 9% decline compared to March, highlighting a cooling trend after earl…