Record Fuel Prices Accelerate Europe’s EV Sales

AI Summary

Record gasoline and diesel prices are helping drive European consumers toward electric and hybrid vehicles as conventional-car registrations fall. September sales across Europe, including the UK, Norway, and Switzerland, rose 10.2% year over year; battery-electric registrations climbed 60%.

Record-high gasoline and diesel prices across Europe are accelerating a shift toward electric vehicles and hybrids while new registrations of conventional cars continue to plummet by double digits in key markets. Total car sales in Europe, including the UK, Norway, and Switzerland, rose by 10.2% in September from a year earlier, data from the European Automobile Manufacturers’ Association (ACEA) showed on Thursday. Battery electric vehicle (BEV) sales jumped by 60%, plug-in hybrid sales rose by 24%, and hybrid electric vehicle sales went…