Europe’s EV sales are surging as the Iran war sends petrol prices through the roof
TL;DR
European EV registrations jumped 51 per cent in March 2026 as oil prices topped $100 a barrel following the Iran war. Chinese brands are capturing the biggest gains, with BYD enquiries up 25,000 per cent on Carwow.
War has a way of rewriting consumer habits overnight. Since US and Israeli airstrikes hit Iran at the end of February, crude oil has soared past $100 a barrel for the first time since Russia’s 2022 invasion of Ukraine. The result at Europe’s petrol pumps has been immediate and painful.
The result at EV dealerships has been the opposite. Battery-electric vehicle registrations jumped 51 per cent in March across 14 key EU and EFTA markets, with more than 224,000 new EVs registered in a single month. That brought EVs to 22 per cent of all new car sales in those countries.
For the full first quarter, EU countries registered more than 500,000...
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