EV sales have surged worldwide in every region but the U.S., posing risks for legacy and startup automakers.

Americans still buy a lot of big pick-up trucks. On top of that, the Trump administration ended subsidies for electric vehicles and stopped enforcing fuel efficiency rules.

Global EV sales are expected to hit 23 million in 2026 despite a Q1 slowdown, according to the IEA's newly released annual Global EV Outlook.