Drivers flock to EVs amid rising gas prices from Iran war

Global electric vehicle sales are projected to grow 10% in 2026, reaching 29% of all car sales, according to a new International Energy Agency report. The surge is linked to rising gas prices from a hypothetical conflict in Iran, reversing a Q1 slowdown and causing sales to double in key growth markets like Australia, Brazil, and India.

This Wire brief sits within Fusion42's coverage of Electric Vehicles. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.