Global EV sales fall 2% in September, ending six-month growth streak

Global electric vehicle (EV) sales experienced a 2% decline in September, marking the end of a six-month growth streak, according to data from UK-based research firm Benchmark Mineral Intelligence. The decline was primarily driven by sharp drops in North America and China, despite record sales in Europe. Europe's EV market is thriving due to strong consumer demand and supportive policies, with almost 600,000 EVs sold in September, a 10% increase from June's record.

However, North American sales plummeted by 44%, the most significant monthly decline of the year, attributed to the expiration of US federal EV tax credits at the end of September 2025. In China, EV sales dropped by 18% to 1.11 million vehicles, prompting car manufacturers to increasingly export their products. While year-to-date global EV sales are up 3% at 15.5 million units, the trend is expected to reverse as comparisons from the fourth quarter, when the post-tax-credit slump will be evident, become more apparent.