Global EV Sales to Reach 30% of New Car Sales by 2026, Marking Accelerated Market Growth

Published: Jul 2, 2026 17:10

Save

Released on July 1, the International Energy Agency’s latest Global EV Outlook 2026 forecasts that global electric vehicle sales will hit 23 million units in 2026, accounting for nearly 30% of all new vehicle sales worldwide, compared with merely around 5% five to six years ago. EV sales in Europe are expected to rise by 20%; those in Asia-Pacific economies excluding China will surge over 50%; and Latin America’s EV deliveries are set to grow by 45%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

[SMM Analysis] Consumer Demand Transmission Hindered, Cobalt Price Rebound Still Under Heavy Pressure

2 hours ago

[SMM Energy Storage Battery Cell Market Weekly Review 7.02] Prices Firm Up Recently, Year-End Capacity Hopes for a New Phase

[SMM Analysis] Energy storage battery cell prices remained stable this week due to tight short-term supply-demand conditions and transmission lags. In H2, with the concentrated rollout of new capacity and the combined effect of the year-end export rush, the market is expected to break out of the stable period and enter a new round of resonance, with both volume and prices rising.

2 hours ago

2026 Power Battery Installations Expected Up 15.8% YoY

At the 2026 annual forum of the China Automotive Power Battery Industry Innovation Alliance, Ma Xiaoli, Deputy Director of the National Innovation Center for Power Batteries, said that China's power battery installation demand for the full year 2026 is expected to reach 888.7 GWh, up 15.8% YoY. Of which, passenger NEV installation demand reaches 672.7 GWh, up 10.8% YoY, and new energy commercial vehicle installation demand reaches 216.1 GWh, up 34.7% YoY.

2 hours ago