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Story perspectives

US EV Market Struggles as Global Sales Surge

3/16/2026

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Story summary
  • The United States electric vehicle market faces challenges as automakers shift investment abroad.
  • Volkswagen Group and Honda Motor Co. invest heavily in Europe and China, citing U.S. market instability.
  • Global EV sales rose 29% in 2024.
  • In Q4 2025, U.S. EV sales declined 17%.
  • China dominates battery production and patents, risking the United States losing its competitive edge in the future of mobility.