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Story summary
- Global EV registrations fell 3% year-on-year to about 1.2 million in January 2026, as subsidies wane in China.
- China EV and hybrid sales fell 20% to 596,000 in January 2026.
- The U.S. EV market fell 33%, the lowest since early 2022.
- Europe grew 24% in EVs, while the rest of the world posted a record increase due to incentives in Thailand and South Korea.
