Surging energy prices are also ​poised to become a strong tailwind for EV sales in some Asia-Pacific countries like Australia and Japan, where slow-charging infrastructure rollouts and consumer preferences for gas-powered cars capped EV ⁠sales growth in the past, analysts said. Pure battery-powered EV sales account for less than 2% of total vehicle sales in Japan, as major producers such as Toyota have pushed for the adoption of hybrid vehicles. Australia, which has seen rising EV sales in ​recent years, is also experiencing accelerated momentum, propelled by rising fuel costs. In China, EVs and hybrids already account for more than 50% of total vehicle sales, according to data from the China Passenger Car Association. A stacked bar chart showing new energy vehicle sales and other car sales in China from 2021 to 2025.

Source: The Edge Markets April 01, 2026 08:34 UTC