EV sales hit new highs around the world, according to a new report. Electrified vehicle sales hit new highs around the world as 50 countries saw quarterly records in Q2 of 2026, according to the International Energy Agency (IEA). Sales of EVs and PHEVs rose 4 percent year-over-year and 35 percent over the previous quarter and are now expected to reach 29 percent of global car sales worldwide in 2026. Much of that boom was driven by fuel price spikes caused by the US and Iran conflict. "Road vehicles account for nearly half of global oil use, making the sector particularly exposed to fuel price...
Surprise: The global oil crisis is pushing people toward buying electrified cars
