February EV market report shows new EV sales down 26.8% YoY while used EV demand rises. Prices fall, inventory tightens, and affordability drives momentum.
Volkswagen Group reaches 4 million electric vehicle deliveries globally, leading Europe’s EV market with a growing portfolio of more than 30 all-electric models.
UK new car registrations rose 7.2% in February to 90,100 units. EVs held 24.2% market share as March plate change looms and 2026 ZEV targets approach.
BYD’s February 2026 NEV sales fell 41% year-on-year amid Lunar New Year disruption, but exports surged past 100,000 units for the fourth straight month.
XPeng delivered 15,256 EVs and began global P7+ shipments, while NIO delivered 20,797 vehicles in February 2026 and surpassed 100 million battery swaps.
EU car registrations fell 3.9% in January 2026, but battery-electric vehicles reached a 19.3% market share. Hybrids lead, while petrol and diesel sales continue to decline across Europe.
MG Motor celebrates 1 million European sales, with the UK as its biggest market. Over 317,000 EVs delivered, strong Hybrid+ growth and new MG4 EV models launching in 2026.
The number of electric vehicles sold globally in January 2026 is 1.2 million, according the data revealed by leading EV supply chain research and insights company Benchmark Mineral Intelligence.
Uptake of battery electric vehicles rose in the UK just 0.1% to 29,654 units – delivering a 20.6% market share, the lowest since April 2025.
China’s leading EV manufacturers, NIO and XPeng, reported January delivery figures alongside major technological and international milestones.