The global electric vehicle market is heading towards $1.3 TRILLION. While social media continues to argue about whether electric cars are the future, the global automotive industry is investing billions in making that future a reality. A new report from MarketsandMarkets forecasts that the global electric vehicle market will grow from $794.6 billion in 2026 to $1.31 trillion by 2035. That’s an increase of approximately 65% in just nine years. In 2025, more than 20 MILLION electric cars were sold worldwide. That means one in every four new cars sold globally was electric. And according to projections cited in the report, that figure will reach 29% in 2026. Electric cars have gone from being considered a niche product to representing roughly a quarter of the global new-car market. And the technology is improving at an extraordinary pace. Battery prices fell 8% in 2025, helping manufacturers make electric cars more affordable. BYD has introduced charging technology capable of taking a compatible battery from 10% to 97% in just nine minutes, using ultra-high-powered charging equipment. Nearly 1,000 different electric car models were available worldwide in 2025, giving consumers more choice than ever before. China is already showing what mass adoption looks like, with electric cars accounting for nearly 55% of new car sales in 2025. European electric car sales increased by more than 30% in 2025, while manufacturers including Tesla, Volkswagen, Hyundai, BMW and BYD continue developing more efficient vehicles, better batteries and faster charging technology. It’s a shame Toyota have gone a different route, towards threatening governments.