tech
Global EV sales make up 30% of the market in 2026
Nearly 30% of vehicles sold worldwide this year will be electric, with global EV sales expected to reach 23 million, the International Energy Agency said.
TL;DR
- Global EV sales are expected to reach 23 million this year, accounting for nearly 30% of all vehicles sold.
- The war in Iran has disrupted energy markets and raised gas prices, making EVs more attractive.
- EVs are increasingly cost-competitive, reinforcing demand.
- Despite a Q1 decline due to policy changes in China and the US, sales have grown significantly in Europe, Asia Pacific (excluding China), and Latin America.
- Nearly 100 countries reported annual EV sales growth last year, with many setting monthly records.
- Falling battery prices and potential policy responses to the energy crisis are expected to further boost EV markets.
- The global EV fleet is forecast to reach 510 million by 2035, even without new policy changes.