Used Electric Vehicle Sales Surge Across Europe Amid Soaring Petrol Prices Linked to Conflict
Summary
Used electric vehicle sales have surged across Europe as soaring petrol prices, linked to the conflict in Iran, prompt consumers to shift from petrol and diesel cars to electric alternatives.
Key Points
- Sales of used electric vehicles in Europe have increased significantly due to rising petrol prices linked to conflict in Iran.
- Terje Dahlgren of Finn.no reported that EV sales have surpassed diesel cars to become the best-selling category in used cars.
- The ongoing conflict has disrupted sea routes accounting for 20% of global oil supply, causing petrol prices in the EU to rise by 12% between February 23 and March 16.
- Aramisauto, a French used car retailer, noted EV sales rose from 6.5% to 12.7% between mid-February and early March.
