Global electric vehicle market growth
The developments in this story so far, most recent first.
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· date approximate · Development
Global EV Sales Jump 35% in Q2 2026, Records Set in 50 Countries
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· date approximate · Background
The IEA released an EV outlook forecast.
In a report released in May 2026, the IEA projected that electric vehicles would account for 29% of all cars sold worldwide by the same year.
This figure represented an increase of one percentage point from previous forecasts provided in May 2026.
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· date approximate · Background
The US ended federal EV tax credits and weakened fuel-economy rules.
In September 2025, the United States ended federal tax credits for electric vehicles and weakened its fuel-economy regulations. According to reports, this policy change led to a sharp decline in domestic EV demand.