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.

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

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