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Electric Car Sales Surge 51% in Europe as Iran War Drives Petrol Prices Higher
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Business·4/20/2026AI summary

Electric Car Sales Surge 51% in Europe as Iran War Drives Petrol Prices Higher

Electric car sales in continental Europe soared 51% in March as rising petrol and diesel costs driven by the Iran war accelerated the shift to EVs. Some 224,000 new EVs were registered last month, with 500,000 sold in Q1 – a 33.5% increase year-on-year. Norway leads with 98% of new cars being electric, while Germany, France, Italy and Poland recorded 40% EV uptake. The switch has reduced annual oil demand by the equivalent of 2m barrels per year.

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Guardian Business