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European electric-vehicle sales rose to record levels in March as consumers accelerated purchases ahead of an oil-price shock linked to the Middle East conflict and higher fuel costs, according to data released on April 14 by market research firm Benchmark Mineral Intelligence (BMI).
Global EV sales in March reached 1.75 million, up 66% from February. BMI attributed the increase to the oil-price shock and seasonal effects following the Lunar New Year.
Europe was the main growth driver. Sales in the region topped a record half a million, up 72% from February and 37% year-on-year. BMI said EU residents rushed to buy electric cars as fuel prices stayed high.
In France, EV demand rose 69% versus a year earlier, with BMI citing panic buying of gasoline after disruptions at fuel stations. The growth rate was described as nearly double that seen in the market’s first two months of the year.
In the United Kingdom, Britons bought EVs up 31% from the same period in 2024. BMI also reported record volumes in Austria, Belgium, Finland, Italy, Portugal and Spain.
Ajay Bhatia, CEO of Mobile.de, Germany’s largest online car marketplace, said high fuel prices were a catalyst for the EV surge. The platform recorded more than 50% more inquiries for new and used cars in the prior month.
La Centrale, a major French car marketplace, said EV search queries rose 160% in the last month, particularly among drivers. Guillaume-Henri Blanchet, deputy managing director, said EV shoppers are highly sensitive to energy costs and are seeking substitutes.
For Q1, Europe’s EV sales totaled 1.2 million, up 27% year-on-year.
BMI said Chinese automakers are playing an increasingly important role in the transition due to more affordable models. In Italy, Chinese brands accounted for nearly 40% of EVs sold in the first three months of the year, with Leapmotor’s market share at about 30%.
In Asia-Pacific, EV registrations in New Zealand rose 263% year-on-year. Australia also saw growth of 89% from last year, with more than 2,000 new registrations.
North America was the only region with lower EV sales in Q1. In the United States, sales fell 27%, while Canada was down 25%. BMI noted that more than 100,000 EVs were sold in March in the United States, the highest since former President Donald Trump repealed the tax credit for these vehicles.
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