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Global EV sales fall for 2nd month in February
Bangkok Post
|March 14, 2026
Global EV registrations fell 11% in February, dragged by China's largest sales drop since the onset of the Covid-19 pandemic in early 2020, data by consultancy Benchmark Mineral Intelligence (BMI) showed yesterday.
As governments worldwide hit the brakes on policies designed to encourage purchases of electric cars, China has pulled funding for auto trade-ins, while a tax exemption on EV purchases in the country expired at the end of last year.
China, the world's largest EV market, recorded in February a 32% year-on-year drop in new battery-electric and plugin hybrid car registrations, a proxy for sales, to less than 500,000 vehicles, BMI said.
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