Spiking oil prices spurred a EV buying spree in March
News Source : Financial Post
News Summary
- Electric car sales surged in Europe and parts of Asia, counteracting a slowdown in the U.S. and China.
- In March, all told, consumers snapped up 1.1 million EVs, two per cent more than they did in the year-earlier period.
- Tesla Inc. called out the uptick in orders as a tailwind to its recent quarterly results.
- Some 17 per cent of new cars and trucks sold around the world last month were entirely battery-powered, roughly the same share as in March 2025.
The war in Iran and the turmoil it has set off in global oil markets is fuelling a surge in electric car (EV) sales in much of the world.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now [+4902 chars]
Never miss a story from us, subscribe to our newsletter