IEA Global EV Outlook 2026: Sales to Hit 23 Million, Nearly 30% Share

The IEA Global EV Outlook 2026 forecasts 23 million EV sales globally, accounting for nearly 30% of new car sales. Europe is expected to grow 20%, Asia-Pacific (excluding China) over 50%, and Latin America 45%. Rising oil prices are further accelerating the shift to electrification.