# Surprise: The global oil crisis is pushing people toward buying electrified cars

- URL: https://talkfuse.com/story/surprise-the-global-oil-crisis-is-pushing-people-toward-buying-electrified-cars/
- Published: 2026-07-30T10:03:36+00:00
- Updated: 2026-07-30T10:13:07+00:00
- Original publisher: Engadget
- Original article: https://www.engadget.com/2226837/electric-vehicle-sales-spike-in-wake-of-oil-crisis/
- Topics: Art, Culture

## Key points

- Fuel-price shocks have lifted global electrified vehicle demand.
- EV and PHEV sales rose 35% quarter-on-quarter.
- China remains dominant in EV exports and battery supply chains.

## Summary

Electrified vehicle sales reached new quarterly highs in 50 countries during the second quarter of 2026, as higher fuel prices linked to the US-Iran conflict encouraged consumers to reduce reliance on petrol and diesel. The trend matters because it has boosted EV and plug-in hybrid demand despite an overall downturn in global car sales and weaker US policy support for electric vehicles.

EV and PHEV sales rose 4% year-on-year and 35% from the previous quarter, and the IEA expects them to account for 29% of global car sales in 2026. UK battery-electric registrations increased 35% year-on-year, with BEVs and PHEVs making up 36% of registrations so far; China’s electric cars represented more than 45% of its car exports, although about one million EVs there are reportedly unsold.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.