Market News

    lectric car sales soar 51% in mainland Europe as Iran war drives up fuel prices

    Sales of electric cars soared 51% in continental Europe last month, amid a rise in petrol and diesel costs driven by the Iran war.

    Data shows that 224,000 new electric vehicles (EVs) were registered in March, and 500,000 across the first three months of the year – a 33.5% increase on a year earlier, according to analysis of national sales data in 15 countries by New AutoMotive and E-Mobility Europe, a trade body.

    Buyers’ interest in electric cars has risen across Europe since the start of the war in Iran in late February, as the rising cost of petrol highlights the cheaper power available from a plug.

    Source : theguardian