Iran Energy Crisis Boosts EV Sales (legrandcontinent.eu)

• IEA: EVs to make up 28% of global car sales in 2026, up from 25%
• Strait of Hormuz closure drives oil prices up, boosting EV appeal
• Price parity achieved in many markets due to cheaper batteries and Chinese imports
• US lags with stagnant EV sales at ~10%

"The International Energy Agency (IEA) projects that electric vehicles will account for 28% of global car sales in 2026, up from 25% last year. The energy crisis caused by the closure of the Strait of Hormuz is driving up oil prices, making EVs more attractive to consumers, especially in countries heavily dependent on oil imports. In many markets, falling battery costs and cheap Chinese imports have led to price parity with combustion engine cars. The US remains an exception, with stagnant EV sales at around 10% of the market."