Electric vehicle sales have spiked worldwide amid the U.S.-led war in Iran, according to a new report from the International Energy Agency.
Between March and June, sales roughly doubled in Australia, Brazil, India, South Korea and Vietnam compared to the same period last year, helping to bolster China’s globally dominant EV sector, the Paris-based intergovernmental organization said.
“Electric car sales are now expected to reach 29% of total car sales worldwide in 2026,” the report said. “Together with strong second-quarter market momentum and policy support for EVs in Latin America, Southeast Asia and Europe, these trends support the expectation that electric car sales will grow around 10% this year, compared to 2025.”
The surging sales mark a reversal from the first quarter of this year, when global EV purchases were pushed down when motorists cooled on the cars in key markets such as the U.S. and China. The Trump administration and Republicans in Congress have cut support for EVs and renewable energy, while they push fossil-fuel-first policies.
