Electric Car Sales Hit All-Time High Despite US Policy Rollbacks

Global sales of electric cars and plug-in hybrids rose 35% in the second quarter of 2026, hitting records across 50 countries, per the IEA. This comes as the Trump administration eliminated federal EV tax credits and weakened fuel economy rules. The IEA links the surge to fuel price spikes from the US-Iran conflict. Electric vehicles are projected to reach 29% of global car sales in 2026.