Electric car sales are growing worldwide amid the conflict over Iran and rising fuel prices, according to the International Energy Agency (IEA), the Financial Times (FT) reports.

The FT estimates that by 2026, electric cars and hybrids will occupy about 30% of the global car market. Sales of such cars could reach 23 million units, compared to more than 20 million in 2025.

According to the IEA, the growth in demand is being driven by the cheapness of batteries and consumers' desire to reduce fuel costs. This is due to the energy crisis caused by the conflict over Iran.

The highest growth in sales of electric cars and hybrids are expected in the Asia-Pacific region and Latin America.

The FT highlights that in Europe, sales of electric cars and hybrids could grow by about 20% by 2026, and their share will account for a third of all cars sold.

China accounts for almost 75% of global electric car production, but prices there continue to fall and exports of products from local manufacturers are growing.

Source: https://news.am/en/news/1036842