EV Industry to Experience Slowed Growth in 2026, Analysts Say
The global electric vehicle industry is expected to slow down in 2026 after several years of fast growth, according to market analysts. While sales will continue to rise, the pace will be much lower than what the industry has enjoyed in recent years. Experts say this shift marks a new phase for electric vehicles, one that is more cautious and less explosive. Analysts predict that global electric vehicle sales will grow by about 13 percent in 2026, reaching around 24 million vehicles worldwide. This would be the slowest growth rate since 2020, when the COVID-19 pandemic disrupted the global economy.…