Climate Change
Research firm predicts that global EV sales will slow down after a 20% increase in 2025.
Data showed that global EV registrations increased by 20% in 2018, but will likely slow down in 2026. This is because a combination of a slowdown in China, and the relaxation of electrification goals worldwide, led to a sales increase in December which was the lowest since February 2024. The number of monthly'registrations' of electric vehicles in North America, including plug-in and battery hybrids, has dropped even further since the United States ended its EV tax credit program in October, according to Benchmark Mineral Intelligence. Why it's important According to BMI data manager Charles Lester, radical policy changes, such as...