Electric vehicles and plug-in hybrids are expected to make up nearly 30 per cent of global car sales this year, the International Energy Agency forecast, as the Middle East energy crisis and lower battery costs boost demand.
The response by drivers to rising fuel prices was expected to propel sales, with a caveat that the impact on the global economy of the Iran war could damp consumer spending, the latest agency report said.
Growth was highlighted in Europe, where sales of EVs and plug-in hybrids are expected to rise about 20 per cent in 2026, accounting for one in three cars sold, the IEA estimated.
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