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Ministers' data: 24% electric car share in 2026 first half
The global electric vehicle market experienced a boost in the second quarter of 2026, despite the ongoing worldwide decline in car sales by 5% in the first half of the year due to decreased sales in China and the United States. The market share of electric vehicles rose to 24% of total sales, and is expected to reach around 29% in 2026, with sales increasing by 10% compared to 2025. This growth is driven by supportive government policies and market expansion in Europe, Latin America, and Asia. Additionally, the shift to electric vehicles is reshaping supply chains and expanding presence in the battery and electronics sectors. It is projected that China will account for over 60% of the global market next year, highlighting the continued need for supportive policies and innovation to sustain growth.
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