IEA Global EV Outlook 2026: 20 Million EVs Sold in 2025 — 1 in 4 New Cars Worldwide Now Electric

The International Energy Agency released its Global EV Outlook 2026, confirming that global electric car sales grew 20% in 2025 to exceed 20 million units — meaning 1 in 4 new cars sold worldwide was electric. The global EV fleet now displaces 1.2 million barrels of oil per day. China led with EVs comprising nearly 55% of all car sales; Europe surged more than 30% to reach 28% EV market share; the United States held near 10%. The IEA projects 23 million EVs sold in 2026, or approximately 28% of global car sales. The milestone confirms that EV adoption has passed a global tipping point, with declining battery costs and expanding model choice accelerating uptake across income brackets and regions. Battery costs have now fallen to levels that support price parity with internal combustion vehicles in multiple key segments.