Skip to main content
Saint Moritz Millionaire

Travel

North America Sees Sharp Decline in EV and PHEV Sales Amid Global Growth

Editorial Staff · May 14, 2026 · 1 min read

Recent reports indicate that global sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) are on the rise, particularly in Europe.

In stark contrast, North America has experienced its most significant decline in years, with over a quarter of its buyers disappearing from the market.

Meanwhile, China continues to focus heavily on exporting its electric vehicle offerings, further shaping the global landscape.