The energy crisis caused by the Iran war is making the economics of electric cars more attractive, the International Energy Agency says

Americans still buy a lot of big pick-up trucks. On top of that, the Trump administration ended subsidies for electric vehicles and stopped enforcing fuel efficiency rules.

Close to 30% of cars sold this year are set to be electric as countries and consumers respond to energy crisis - News from the International Energy Agency

European EV sales are accelerating as Middle East oil disruptions push fuel prices higher and make electric cars more attractive.

As the oil crisis deepens across the globe, households and industries are using less fossil fuel — maybe permanently.

The energy crisis caused by the Iran war is making the economics of electric cars more attractive, the International Energy Agency says

New reports underscore how electric vehicle sales are rising globally even as they've dropped sharply in the U.S.

EV sales are set to hit nearly 30% of global car sales in 2026, driven by spiking fuel prices following the Iran war, the IEA says in its annual Global EV Outlook.

Battery-electric registrations jumped 51% in March as oil climbed above $100 a barrel. Chinese brands BYD, Leapmotor, and Xpeng are capturing the biggest gains.

Electric vehicles have been rapidly gaining market share in most places outside the US; the Mideast war has sharpened a trajectory already in motion.