{"id":175364,"date":"2025-12-13T16:32:04","date_gmt":"2025-12-13T09:32:04","guid":{"rendered":"https:\/\/www.thestorythailand.com\/?p=175364"},"modified":"2026-01-07T16:39:00","modified_gmt":"2026-01-07T09:39:00","slug":"gartner-forecasts-evs-2026","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/gartner-forecasts-evs-2026\/","title":{"rendered":"Gartner forecasts 116 million EVs on global roads by 2026"},"content":{"rendered":"\n<p><strong>Gartner, Inc.<\/strong>, a leading global business and technology insights firm, projects that the total number of electric vehicles (EVs) in use\u2014including cars, buses, vans, and heavy trucks\u2014will reach <strong>116.2 million units<\/strong> by 2026. This represents a significant 30% increase from 2025, even as major markets face shifting regulatory landscapes and the withdrawal of financial incentives.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Global EV Installed Base Forecast (2025-2026)<\/h3>\n\n\n\n<p>According to the latest global EV installed base forecast, the worldwide electric vehicle fleet is projected to reach <strong>116,179,563 units<\/strong> by 2026, marking a robust <strong>29.7% growth<\/strong> from the 89,554,951 units estimated in 2025. <\/p>\n\n\n\n<p>While <strong>Battery Electric Vehicles (BEVs)<\/strong> will maintain the largest share of the market with over 76.3 million units (up 28.3%), <strong>Plug-in Hybrid Electric Vehicles (PHEVs)<\/strong> are expected to experience a more rapid expansion at a growth rate of <strong>32.5%<\/strong>, reaching nearly 39.8 million units. This data underscores a significant shift in the automotive landscape, as consumers increasingly adopt electric powertrains with a notable rising interest in hybrid solutions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Rise of the Hybrid: Why PHEVs are Gaining Ground<\/h3>\n\n\n\n<p>While Battery Electric Vehicles (BEVs) still constitute over half of the global EV fleet, Gartner has revised their 2026 market share forecast downward from 77% to 63%. This shift highlights a growing consumer preference for <strong>Plug-in Hybrid Electric Vehicles (PHEVs)<\/strong>, which are expected to see a <strong>32% year-over-year increase<\/strong>.<\/p>\n\n\n\n<p><strong>Jonathan Davenport<\/strong>, Senior Director Analyst at Gartner, notes that customers increasingly value the &#8220;reassurance of a back-up petrol engine.&#8221; This trend has led industry leaders like <strong>BYD<\/strong> to pivot toward PHEV models and &#8220;range extender&#8221; vehicles\u2014where a petrol engine acts as a generator to charge the battery\u2014offering a smoother electric driving experience without the &#8220;range anxiety&#8221; associated with pure electric models.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Regional Outlook: China Leads While U.S. Cools<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>China&#8217;s Continued Dominance:<\/strong> China is projected to account for <strong>61% of the total global EV installed base<\/strong> in 2026. Intense domestic competition has driven down prices, fueling demand even as the Chinese government begins to scale back subsidies and intervene in manufacturer discounting.<\/li>\n\n\n\n<li><strong>U.S. Market Challenges:<\/strong> In contrast, demand in the United States has slowed. This is attributed to the introduction of import tariffs and the removal of various federal and state-level purchase incentives, making EV adoption less financially attractive for some consumers.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Regulation Over Demand: The Path to Net Zero<\/h3>\n\n\n\n<p>The report emphasizes that the primary driver for EV development remains regulatory pressure rather than organic consumer demand. Governments worldwide are prioritizing air quality and climate change by signaling the phase-out of Internal Combustion Engine (ICE) vehicles. The core objective is a drastic reduction in particulate matter (PM) and $CO_2$ emissions, positioning EVs as the only viable path forward for automakers to meet stringent environmental standards.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/gartner-genai-business-value\/\">AI audits triple GenAI business value, Says Gartner<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/binance-unlocks-2026\/\">BINANCE unlocks 2026: AI \u2013 partnerships set to redefine Thai digital assets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gartner forecasts 116 million EVs on the road by 2026. 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