Oil Price Shock Fuels 35% Surge in Global EV Sales
The IEA said EVs are now expected to account for 29% of global car sales this year after quarterly records in 50 countries.
- The International Energy Agency raised its 2026 outlook Thursday, projecting EVs will comprise 29% of global car sales this year despite a broader 5% decline in the overall market.
- More than 90 countries recorded year-over-year EV sales growth during the first half of 2026, though the IEA expects Chinese EV sales to stagnate while demand fell following The Trump removal of federal tax credits.
- Global EV sales jumped 35% in the second quarter, with Australia, Brazil, India, Korea, and Vietnam seeing sales roughly double from March through June compared to the same period in 2025.
- The IEA estimates that more than 1 million Chinese-made EVs are currently available for sale globally as unsold exports accumulate, compounding challenges from stagnating domestic demand in China.
- Over the next decade, China and other emerging economies are expected to account for around 60% of global car demand, with more than 60% of new cars sold in China this year being EVs.
41 Articles
41 Articles
Electric cars will represent nearly one in three worldwide sales in 2026, according to the International Energy Agency.
In a report published on Thursday, the IEA estimates that electricity will account for 29% of the world's sales of new cars this year, compared with 28% in its previous forecast, in May, in a global morose market. These figures reflect the acceleration of the increase of electric cars compared to thermal vehicles: their market share was 20% in 2024 and 25% in 2025, according to the IEA. The Agency expects 23 million electric cars to be sold worl…
Electric Cars, Sales Are Rampant in the World. And the EU Compensates for the US and China Stalemate
Sales of electric cars in the world are rampant, the prices of fuel that are skyrocketing as a result of the war in the Middle East. And this time to drive, compensating for the decline of the United States and China, is Europe. According to the latest report of the International energy agency (Iea), the market of electric cars in a period of [...] The article Electric cars, are rampant sales in the world. And the EU compensates for the stalemat…
Electric cars, whose demand has been boosted by rising fuel prices since the beginning of the Middle East conflict, will account for almost one in three worldwide sales in 2026, according to the International Energy Agency, which slightly increased its May forecast.
Oil Price Shock Fuels 35% Surge in Global EV Sales
Following a subdued start to the year, sales of electric vehicles (EVs) jumped in the second quarter after the Middle East crisis slashed crude supply and hiked oil and fuel prices, the International Energy Agency (IEA) said in a report on Thursday. Global sales of electric cars fell in the first quarter of 2026, largely reflecting lower sales in the United States and China, according to the agency’s report ‘Electric Car Markets in a Time of Unc…
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