EV demand across the globe surged in April as steep gas prices and uncertainty over the Iran war continued to drive a shift in consumer perception of internal combustion engine (ICE) vehicles.
EVs Decline In North America, Europe Posts Gains Despite an uptick in registrations for EVs and plug-In Hybrid Electric Vehicles (PHEVs), Benchmark Mineral Intelligence data, cited by Reuters on Tuesday, showcased a 28% decline in registrations across North America to 120,000 units in April
Global registrations for EVs and PHEVs came in at 1.6 million, illustrating a 6% YoY jump from April 2025, the report said. Read Also: Auto Industry Urges Trump To Block Chinese EVs In US Ahead Of Xi Jinping Meet: Report Notably, companies like General Motors Co. (NYSE:GM) suspended EV efforts as the President Donald Trump administration relaxed emissions standards and ended the $7,500 EV credit offered till the end of September 2025 last year, which resulted in falling demand for EVs. However, companies like Ford Motor Co. (NYSE:F) are continuing EV efforts, with the automaker’s universal EV platform set to underpin a $30,000 pickup truck as well as eventually help develop Level-3 autonomous driving.
Meanwhile, Tesla Inc.‘s (NASDAQ:TSLA) Model Y continues to be popular in the U.S. market. Mexico was an outlier with sales nearly 50% higher so far this year, while Canada’s 7% dip could rebound with the reintroduction of the incentives for the zero-emission vehicle (iZEV) program, according to the report. On the other hand, Europe reported a 27% YoY jump to 400,000 units in April, the report said, also outlining a $235 billion commitment towards EVs by countries in the European Economic Area.