Trump's Iran war is boosting EV sales worldwide

After the U.S. attacked Iran in late February and crude oil prices soared, EV sales surged in 49 of 56 countries tracked by Ember. From March to August, EV sales rose 165% in New Zealand, 124% in Chile and 58% in India, while U.S. sales fell 30% over the first nine months of 2026.

• EV market share hit new records in 49 of 56 countries in 2026
• Norway reached 98% EV share, Vietnam 51%, Uruguay 38%
• U.S. EV sales fell 30% in the first nine months of 2026
• Oil importers displaced 200 million barrels worth about $20 billion