TrendForce reported that global new energy vehicle sales declined 2% year-on-year in Q1.
According to the latest statistics from TrendForce, global sales of new energy vehicles — including battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles — reached 3.94 million units in Q1 2026, a 2% year-over-year decline, accounting for 19% of global auto sales in the first quarter. China's new energy vehicle market entered an adjustment period; meanwhile, the Western European market showed signs of recovery, and BEV sales in Japan and South Korea also saw significant growth.