International Energy Agency: Nearly 30% of new cars globally will be electric vehicles by 2026
The International Energy Agency's 2026 Global Electric Vehicle Outlook report forecasts that electric vehicles will constitute nearly 30% of global new car sales by 2026, with sales projected to reach 23 million units. This surge is attributed to government policies and consumer shifts amidst an energy crisis. The report also noted that electric vehicle sales surpassed 20 million units in 2025, marking a 20% year-over-year increase and representing a quarter of all new car sales. AI
IMPACT Forecasts accelerated adoption of electric vehicles, potentially impacting charging infrastructure and energy grid demands.