07/30/2026
Over 1 in 4 cars sold globally this year will be electric β and the shift is accelerating in ways that matter to buyers right now.
π The number β BloombergNEF projects more than 23 million EVs will be sold in 2026, representing 27% of all passenger vehicles globally. That's up from just 9% five years ago.
π What's driving it β China leads with 63% of global EV sales, but emerging markets in Southeast Asia and Latin America are growing fast. In the U.S., the picture is more mixed due to regulatory rollbacks.
π What it means for buyers β More EV options, more competition, and more pricing pressure from manufacturers. The 2026 model year features strong contenders from Lucid, Rivian, Kia, and others.
π What to watch β Battery costs are falling, range is improving, and charging infrastructure is expanding. The question for most buyers is no longer 'is an EV ready' but 'is this the right EV for me.'
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BloombergNEFβs (BNEF) annual Electric Vehicle Outlook (EVO) expects over a quarter (27%) of cars sold globally in 2026 to be electric β up from 9% five years ago β and over half (52%) of all passenger vehicles to be electric by 2035.