Global Electric Vehicle Sales Rise Amid Oil Uncertainty; India’s Adoption Slower
The International Energy Agency's Global EV Outlook highlights growing global electric vehicle (EV) adoption amid rising oil uncertainties, such as the Strait of Hormuz blockade. Globally, EV sales grew 20% last year, with electric cars making up 25% of new sales and China leading with 60% of global EV sales. In India, however, EV adoption remains slower, with electric vehicles constituting about 8% of new registrations in 2025, mainly driven by two- and three-wheelers, falling short of the 30% target by 2030.