E Mobility
The Electric Vehicle Market in 2025–2026: Global Surge, U.S. Hesitation, and the Dawn of the Used EV Era
Global EV sales hit 20.7 million units in 2025, a 20% year-over-year increase, with China crossing the 50% adoption threshold. The U.S., meanwhile, lagged at 9–10% share, even as its year-over-year volume grew at low teens. The deeper story is a market shift from early adoption to a second phase defined by slowing brand dominance (Tesla’s share fell to mid-40%), price compression, and a rapidly maturing used EV market. This article explores the structural divergence between markets, the rise of BYD, and how the flood of three- to five-year-old EVs is reshaping supply chains, residual values, and consumer confidence.