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Global Demand For New Cars Will Grow By 2026 - EY

Anis

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web_MA_CariCarz_Leapmotor-C10-Preview_-1-full-(1).jpgweb_MA_CariCarz_Leapmotor-C10-Preview_-6-full-(1).jpg According to an EY survey, the automotive industry is expected to experience a significant increase in global demand for new vehicles by 2026. The survey, which included the opinions of 19,000 people from 28 countries, found a 7% increase in the number of respondents who plan to buy a new car by mid-2026 compared to the previous year.

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This expected increase in car sales is influenced by a variety of factors such as technological advancements, economic dynamics, and shifting consumer preferences. The survey reveals a growing preference for electric vehicles (EVs), with 24% of potential buyers considering an EV as their next purchase, up from 20% the previous year.

Caricarz-MBA-GAC-GS3-Emzoom-Ext-3.JPG

Although interest in electric vehicles is growing, 29% of potential buyers still prefer cars with gasoline engines, while 33% are drawn to hybrid and plug-in hybrid models combined. Conversely, only 8% of respondents selected diesel cars, suggesting that they are becoming less and less popular.

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The survey also clarifies how consumer behavior is affected by the present state of the economy. Due to economic uncertainty, many people are delaying buying cars, which has resulted in a drop in sales for some of the biggest automakers in the world.

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Many governments are providing incentives to promote the purchase of cars with low emissions. A wider range of consumers can now afford EVs and hybrids thanks to these incentives, which can take the form of tax breaks, grants, or subsidies.

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Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

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JPJ Running Numbers

KUALA LUMPUR

VQY1897

SELANGOR

BSQ1473

JOHOR

JYW7415

PULAU PINANG

PSC3364

PERAK

APH4852

PAHANG

CFG5256

KEDAH

KGF9705

NEGERI SEMBILAN

NEK4235

KOTA KINABALU

SJR9583

KUCHING

QAB7645N

Last updated 20 May, 2026

Fuel Price

Petrol

RON 95

RM 3.97

+1.38

RON 97

RM 4.90

+1.75

RON 100

RM 7.20

+2.20

VPR

RM 8.23

+2.00

Diesel

EURO 5 B10

RM 5.12

+2.08

EURO 5 B7

RM 5.32

+2.08

Last updated 30 Apr, 2026

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