14 Hrs
Source:
الراي
Electric car sales surge worldwide
The second quarter of 2026 saw a significant rise in electric vehicle sales, increasing by 35% compared to the first quarter, with record numbers in 50 countries. This surge is attributed to a sharp rise in oil prices, which nearly doubled from around $60 to $120 per barrel, following the closure of the Strait of Hormuz and Iran, leading to concerns over energy security. Projections indicate that electric vehicle sales will grow by 10% over the year, accounting for 29% of total car sales, despite a global market slowdown due to declining sales in China and the United States, contrasted by substantial growth in Europe of more than 30%. This growth is attributed to government policies and tax incentives designed to stimulate purchases, with a focus on protecting energy security and reducing reliance on oil.
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