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.

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

The report released by the International Energy Agency on Wednesday said global EV sales will exceed last year’s increase.