EVs, hybrids to hit 30% of car sales in 2026: IEA

The International Energy Agency forecasts that electric and plug-in hybrid vehicles will account for nearly 30% of global car sales in 2026, driven by falling battery prices. Despite an 8% drop in Q1 EV sales due to policy changes in China and the US, growth remains strong in Europe, Asia-Pacific, and Latin America, with China continuing to dominate production and exports.