Conflict boosts EV sales 35% in Q2
Electric vehicle sales saw a significant increase of 35% in the second quarter of 2026, reaching record numbers in 50 countries. This boost was in response to rising fuel prices, which caused oil prices to jump from $60 to $120 per barrel after the closure of the Strait of Hormuz, following the war in the Middle East. The International Energy Agency attributed this surge to growing interest in clean energy, as electric cars are part of policies to enhance energy security and reduce dependence on oil. A decline in sales in China and the United States due to the cancellation of government subsidies and an economic slowdown in those regions led to an overall market downturn, while Europe experienced the largest growth at 30%. The agency forecasts that electric vehicle sales will make up 29% of total car sales this year, with an estimated growth of 10%.
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