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Global EV sales dipped 3% year-over-year in January 2026, with China cooling due to policy changes, the US stumbling after tax credit removal, and Europe showing strong growth.
The global EV market exploded in 2025 with over 20 million plugin vehicle sales, pushing plugin share to 26%. Europe and the Rest of the World are now driving growth, even as China slows and North America experiences a 'hangover.'
Tesla's Model Y remains the world's best-selling EV in 2025, but its Model 3 is facing fierce competition from rising Chinese models like Xiaomi SU7 and Geely Xingyuan, threatening its podium spot.
BYD kept its crown as the top-selling EV brand in 2025, but Geely is rapidly gaining on Tesla for second place, as the global EV market sees major shifts in brand dominance and overall OEM rankings.
Global EV sales jumped 21% in 2025, led by Europe's surge, while the U.S. market slowed due to expired tax credits, as China dominated.
Tesla's Model Y and Model 3 are still kings of global EV sales, but hold onto your hats! A new report shows Chinese brands are absolutely dominating the rest of the top ten, and they're eating up market share faster than I eat a buffet lunch. It's a two-horse race, but the track is getting crowded!
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