The International Energy Agency projects that electric vehicles will account for nearly 30% of global car sales in 2026, with total sales reaching 23 million units. While some markets saw temporary dips due to policy changes, demand is surging across Latin America and the Asia-Pacific region. This acceleration is driven by a combination of rising oil prices and falling battery costs. Lower costs for battery technology, paired with better charging speeds and range, are making EVs more competitive against traditional internal combustion engines.
