4 Million World EV Sales in First Quarter

Industry Discussions Hybrid & Electric Vehicle Fools
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Edited to protest removal from macroeconomic board.

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And yet somehow global sales fell 3%.

DB2

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Well, since the market that represents HALF the global sales was down 20 plus percent. We kinda know what the somehow is. Don’tcha think?

Maybe we should take a long look at Chinese market internals.

Cheers
Qazulight

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Courtesy of Gemini:

  • Policy Changes & Taxes: Effective January 2026, a 5% purchase tax was introduced on EVs, ending previous full exemptions and driving up costs for buyers.

  • Reduced Subsidies & Shifting Incentives: Government support has weakened, and trade-in incentives now require purchasing higher-priced models, limiting options for budget-conscious buyers.

  • Weakened Domestic Demand: Economic factors, including lower consumer confidence, stalling income growth, and high unemployment, have reduced consumer willingness to buy cars.

  • Pre-emptive Buying: Many consumers rushed to purchase vehicles in late 2025 to avoid the new taxes, resulting in lower demand at the start of 2026.

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At the present time those regions outside the major market are a fraction of the major markets. So increased sales there result in high percent increase but not much toward total sales. That could change if those regions continue to buy EVS.

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Sure. I was just amused by the headline, “Global EV sales hit 4M” as opposed to “Global EV drop to 4M” or “Global EV sales drop 3%”.

DB2

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