According to data from Benchmark Mineral Intelligence, global electric vehicle sales reached 2.09 million units in October 2026, with cumulative sales for the first ten months hitting 17.5 million, up 5% year on year. Europe's pure electric vehicle sales rose 49% year on year.
Europe registered 510,000 EVs in October, up 36% year on year (BEVs +49%, PHEVs +7%); cumulative sales for the first ten months reached 4.5 million, up 31%. Germany's EV market share exceeded 45%, with BEV sales above 95,000, up nearly 80%. North America posted its first annual growth of 2026, with October sales of 130,000 units, up 24%.
China sold 1.14 million EVs in October, down 12% year on year but with a record-high market share as the broader passenger-car market shrank faster. On the export side, China's NEV passenger-car exports approached 600,000 units in October, a new monthly high. Looking ahead, the EU has agreed to curb imports of Chinese plug-in hybrids, and China plans to lower the export VAT rebate on EVs from 13% to 9% starting April 1, 2027.
