Global sales of electric cars are rising due to tensions surrounding Iran and rising fuel prices.
According to Oxu.Az, the Financial Times (FT) reported this based on a report by the International Energy Agency (IEA).
The IEA estimates that by the end of 2026, electric cars and hybrids will account for about 30% of the global car market. Sales of such vehicles exceeded 20 million units in 2025 and could reach 23 million this year.
The IEA notes that demand is driven by cheaper batteries and consumers seeking to reduce fuel costs amid the energy crisis caused by the conflict around Iran. The highest growth rates are expected in the Asia-Pacific and Latin America.
The FT emphasizes that in 2026, sales of electric cars and hybrids in Europe could increase by about 20%, reaching one-third of all cars sold. In China, which accounts for about 75% of global EV production, prices are falling and domestic manufacturers are increasing exports.
