The U.S. is getting left behind on electrification, a new report says. Plug-in vehicle sales grew last year, and should surpass 23 million units in 2026.

This rapid growth has been driven largely by China, which remains by far the largest market.

As the chart shows, EVs now account for roughly one in four passenger car sales globally, meaning their market share climbed to 25 percent in 2025, up from just 2 percent in 2018.