EV Registrations Fell By 41% Since Last Year: Here's What Happened

New data from S&P Global Mobility points to a sharp decline in electric vehicle registrations, and therefore sales, from last year. In January 2026, compared to January 2025, EV registrations plummeted by 41 percent. Instead, consumer attention shifted away from EVs and towards gas vehicles and hybrids. Notably, it's the first true decline in electric vehicle market share in years.

These data are based on the light-vehicle market, a segment where most EVs on sale today fit. That includes smaller crossovers, sedans, and SUVs.