<
https://thedriven.io/2026/05/22/cheaper-to-run-global-ev-numbers-surge-above-20-million-despite-slowdown-in-biggest-markets/>
"The soaring price of petrol is sending more Australian drivers to electric
cars and the trend could change the worldwide automotive market.
Global oil shortages are driving more motorists to buy electric vehicles, with
predictions they could account for almost one in three cars sold worldwide
within a year.
Australian drivers could be among those behind the trend after a report found
local motorists would save an additional $688 with an EV due to record petrol
price increases.
The International Energy Agency released the findings on Thursday in its annual
report on the sector, which also found electric vehicles were on track to
represent half of all vehicles sold in 2035.
The forecast comes after Australians bought a record number of electric and
hybrid vehicles in March and April following fuel shortages caused by conflict
in the Middle East.
The agency’s
Global EV Outlook 2026 report, which combines sales data with
analysis, found electric cars sales exceeded 20 million in 2025, representing a
rise of 20 per cent.
Europe recorded the strongest EV growth with sales up by 30 per cent, while
Southeast Asian countries such as Vietnam, Indonesia and Thailand more than
doubled the number of electric car sales.
Their popularity remained steady in the US and slowed slightly in China, where
they made up more than half of all vehicle sales, but International Energy
Agency executive director Fatih Birol said the year represented a turning
point.
“Electric car sales set new records in close to 100 countries last year,” he
said.
“The growing popularity of EVs has marked a major shift for car makers and the
energy system as a whole, and it is providing some relief now amid the largest
oil supply shock in history.”"
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
