Following a subdued start to the year, sales of electric vehicles (EVs) jumped in the second quarter after the Middle East crisis slashed crude supply and hiked oil and fuel prices, the International Energy Agency (IEA) said in a report on Thursday.
Global sales of electric cars fell in the first quarter of 2026, largely reflecting lower sales in the United States and China, according to the agency's report 'Electric Car Markets in a Time of Uncertainty'.
However, EV sales rebounded sharply in the second quarter, rising by 35% compared with the first quarter "as the energy crisis sparked by the war in the Middle East brought fuel price volatility back into sharp focus," the IEA said.
EV sales in the second quarter reached record-high levels in 50 countries as drivers preferred electric vehicles amid soaring fuel prices.
In sizable car markets such as Brazil, India, Australia, and Vietnam, electric car sales roughly doubled between March and June compared with the same period in 2025, according to the IEA's ******* ysis in the report.
#quarter #middle #markets
Global sales of electric cars fell in the first quarter of 2026, largely reflecting lower sales in the United States and China, according to the agency's report 'Electric Car Markets in a Time of Uncertainty'.
However, EV sales rebounded sharply in the second quarter, rising by 35% compared with the first quarter "as the energy crisis sparked by the war in the Middle East brought fuel price volatility back into sharp focus," the IEA said.
EV sales in the second quarter reached record-high levels in 50 countries as drivers preferred electric vehicles amid soaring fuel prices.
In sizable car markets such as Brazil, India, Australia, and Vietnam, electric car sales roughly doubled between March and June compared with the same period in 2025, according to the IEA's ******* ysis in the report.
#quarter #middle #markets
11 hours ago
