EV Sales Jump 52% in Europe as Gasoline Hits $10 a Gallon
EV Sales Are Booming in Europe with Gasoline at $10 a Gallon
After years of struggling to move drivers away from combustion engines, Europe's EV market is surging on record fuel prices driven by geopolitical upheaval. Fully electric car registrations rose 52% year-over-year in August, according to the European Automobile Manufacturers' Association. Germany, the largest market, posted a 75% jump, while sales in France more than doubled.
After years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval.