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[TECHNOLOGY] · United States, Iran, Germany · 13 sources

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Middle East war drives 35% surge in global EV sales in Q2 2026

The International Energy Agency reported that electric‑vehicle sales jumped 35 % in the second quarter of 2026 compared with the first quarter, setting records in 50 countries. The surge is linked to soaring fuel prices after the conflict in the Middle East, where Iran’s closure of the Strait of Hormuz pushed crude oil from roughly $60 to $120 a barrel. The IEA expects electric cars to account for 29 % of total vehicle sales in 2026, even as the overall global car market is forecast to decline. Europe posted the strongest regional growth, with EV sales rising by more than 30 % in the first half of the year. The report notes that the price shock has prompted several oil‑import‑dependent countries in Southeast Asia and elsewhere to introduce temporary tax incentives to boost EV purchases.

Entities

Europe · European Union · France · French government · International Energy Agency · Iran · Renault · Stellantis · Strait of Hormuz · United States

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about 2 months ago