On May 20, 2026, the IEA’s Global EV Outlook 2026 projected that combined BEV and PHEV sales will reach 23 million in 2026, representing exactly 28% of total global car sales.
Rhodium Group and MIT data released the same day show U.S. EV consumer spending was down 23% year-on-year in Q1 2026 after federal tax credits expired on September 30, 2025; Cox Automotive registration data shows new U.S. EV market share fell to 5.6% in April. By contrast, the IEA expects sales in Asia-Pacific outside China to surge over 50% and Latin America 45%.
Why it matters for Green Renewable Energy: Divergence between resilient global EV adoption and a contracting U.S. market reshapes battery demand and renewable-power planning for the rest of the decade.