Global electric vehicle sales reach record highs amid rising fuel prices, IEA reports
Global EV sales jumped 35% in Q2 as rising oil prices accelerated adoption across over 50 countries, according to the International Energy Agency.
Global sales of electric vehicles reached record levels during the second quarter of the year, driven by sharply rising fuel prices linked to Middle East conflict, according to data from the International Energy Agency (IEA). Sales surged by 35 percent compared to the first quarter, with sales records broken in more than 50 countries worldwide.
The increase in EV adoption followed a significant spike in oil prices after geopolitical tensions in the Middle East disrupted supply routes, pushing Brent crude prices to nearly $120 per barrel from roughly $60 earlier in the year. The IEA noted that high conventional fuel costs accelerated consumer shifts toward electric mobility, though sustained long-term growth will depend on broader economic conditions and infrastructure development.
Sources: Ekonomický deník