Spiking Oil Prices Spurred a EV Buying Spree in March

Image for article 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.
(Bloomberg) The war in Iran and the turmoil it has set off in global oil markets is fueling a surge in electric car sales in much of the world.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscri [+5070 chars]

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