According to the IEA, electric vehicles accounted for 24% of global car sales in the first half of 2026, even though the overall market declined by approximately 5% year-over-year. Sales of electric cars rose by 4% in the second quarter, and the IEA expects them to reach 29% of the global market for the full year. Traditional manufacturers control approximately 98% of the market for internal combustion engine vehicles, but only about 55% of the global electric vehicle market. The IEA notes that future competitiveness will be determined by batteries, electronics, software, more efficient production, and strategic partnerships—areas in which China currently holds a significant lead. iea.org 🇬🇧