Electric car sales soar 51% in mainland Europe as Iran war drives up fuel prices
Summary
Electric car sales in mainland Europe rose by 51% in March due to higher petrol and diesel prices linked to the war in Iran. Over 224,000 new electric vehicles were registered in March, showing growing interest in cleaner, cheaper power alternatives.Key Facts
- Electric car registrations increased 51% in March across 15 European countries.
- A total of 500,000 electric vehicles were sold in the first three months of the year, a 33.5% rise from last year.
- The Iran war has caused fuel prices to go up, encouraging people to buy electric cars.
- Norway led with 98% of new cars sold in March being electric, followed by Denmark (76%) and Finland (about 50%).
- France offers significant government incentives for electric cars, including up to €5,700 for low-income buyers.
- Germany saw a 42% increase in electric vehicle sales in March, with half of Europe’s electric cars now made in Germany.
- Italy’s electric car sales rose 65% year-on-year in March, although their overall market share remains low at 8.6%.
- The shift to electric cars in Europe has reduced oil demand at fuel stations by the equivalent of 2 million barrels a year.
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