Global EV Sales Return to Growth in October, Reaching 2.09 Million

Global electric vehicle sales have returned to annual growth in October following a decline in September, with stronger demand in Europe and other markets helping offset weaker sales in China.

According to Benchmark Mineral Intelligence, global sales of battery-electric vehicles and plug-in hybrids reached 2.09 million units, up 8% year-over-year but down 3% from September. Year-to-date sales reached 17.5 million vehicles, representing a 5% increase compared to the same period in 2025.

Europe leads growth among major markets

Europe continued to lead growth among established EV markets, with sales increasing 36% year-over-year to 510,000 vehicles. Battery-electric sales climbed 49%, while plug-in hybrids rose 7%. The surge reflects stricter EU fleet emissions targets taking effect and a wave of new affordable EV models entering the market.

North American EV sales increased 24% year-over-year to 130,000 units, marking the region's first annual increase of 2026. However, the improvement partly reflects a weaker comparison period: the U.S. federal EV tax credit expired in September 2025, leaving October as the first month compared against a period without the incentive.

China declines but remains dominant

China remained the largest EV market by far, recording 1.14 million sales despite a 12% annual decline. Sales nevertheless increased 5% compared to September. Chinese passenger vehicle new energy vehicle exports reached almost 600,000 units in October, another monthly record.

Sales outside China, Europe and North America climbed 85% to 300,000 vehicles, exceeding North America's total for the first time.

Regional breakdown: October 2026

• China: 1.14 million (−12% YoY)
• Europe: 510,000 (+36% YoY)
• Rest of World: 300,000 (+85% YoY)
• North America: 130,000 (+24% YoY)

What this means for Canadian buyers

The global growth trajectory signals continued manufacturer investment in EV platforms and battery supply chains. For Canada, this means more model availability as automakers allocate volumes to markets with supportive policy frameworks. The 85% surge in "Rest of World" markets also highlights the expanding global footprint of Chinese EV brands — several of which are now preparing Canadian market entry.

Benchmark's data aligns with other industry trackers showing the EV transition accelerating in Europe while China's market matures. The key question for 2027 is whether North America can sustain its newfound growth momentum without federal purchase incentives.

Looking for EV deals, insurance, or financing? Check out our partner deals and offers.

If you found this guide helpful, use our Tesla referral link for free Supercharging credits on a new Tesla purchase or lease in Canada.