In the first half of 2026, the global market share of electric vehicles and hybrids exceeded 50% for the first time. Sales of internal combustion engine (ICE) vehicles dropped by 10% to 20.25 million units, reducing their market share to 49%. This marks the first time since the 1920s that ICE vehicles have fallen below the 50% threshold.
Pure electric vehicles (EVs) accounted for 17% of the market, with sales growing by 12% to 6.87 million units. Non-plug-in hybrids reached an 18% share, with sales rising 10% to 7.27 million units. Plug-in hybrids, along with diesel and hydrogen vehicles, represent the remaining 16% of the market.
Regional performance varied significantly. European EV sales grew by 32% to 1.81 million units, while China saw a 3% decline in EV sales to 3.44 million units due to reduced subsidies. In the US, the cancellation of purchase subsidies led to a 15% drop in EV sales.
Chinese manufacturers currently hold a 60% share of the global market for battery electric vehicles and plug-in hybrids. Outside of the three major markets—the US, Europe, and China—55% of imported electric and hybrid vehicles originate from China.
Mobility Global forecasts that EVs will account for 30% of global new vehicle production by 2030. While government subsidies have historically influenced market dynamics, industry experts note that a loyal consumer base is becoming the primary driver for long-term EV adoption.
