IEA Forecasts Global EV Sales to Rise 15% to 23 Million Units in 2026
The IEA projects global electric vehicle sales will reach 23 million units by 2026, driven by market dynamics and rising oil prices.
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The IEA projects global electric vehicle sales will reach 23 million units by 2026, driven by market dynamics and rising oil prices.
Global energy storage shipments soared in Q1 2026, driven by strong competition and market growth.
China’s passenger vehicle retail sales fell 23% YoY to 680,000 units during May 1–17, as the market cooled following the Labor Day holiday surge.
In April, EV sales concentrated on leading models, with Geely Xingyuan dominating, while others faced declining demand and market consolidation.
China’s used car market enters correction phase in April. Transactions fall to 1.67 million units, down 6.73% MoM and 1.76% YoY. Cumulative sales for Jan-Apr rise 2.93% YoY to 6.49 million units.
In April 2026, China’s passenger vehicle prices rose, driven by a shift toward mid-to-high-end new energy vehicles amid market competition.
April was an exceptionally active month for China’s auto industry. The opening of the Beijing Auto Show 2026 pushed automakers…
May vehicle sales showed a 21% drop year-on-year, but improved sequentially, indicating market challenges and shifting consumer demand.
Global EV registrations rose 6% year-on-year in April 2026, driven by rising oil prices, policy incentives, and expanding Chinese exports.
Malaysia’s EV registrations soared 103.8% in April 2026, led by Chinese brands, particularly Proton’s e.MAS 5 model.