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Electric vehicle sales surge 51% in Europe amid rising fuel prices

Electric vehicle

London/Brussels: Electric vehicle (EV) sales across Europe have surged significantly following rising petrol prices linked to ongoing Iran-related tensions, with consumers rapidly shifting toward cleaner and more cost-effective transport options.

According to a report by New Automotive, registrations of battery-powered electric vehicles in major European markets jumped by 51% in March alone.

The data shows that more than 224,000 new electric cars were registered across 15 European countries during the month, accounting for approximately 22% of all new car sales.

In the first quarter of 2026, over 500,000 electric vehicles were registered in European Union member states a 33.5% increase compared to the same period last year.

The five largest markets Germany, France, Spain, Italy, and Poland recorded growth exceeding 40%.

Germany, Europe’s largest auto market, saw a renewed boost in EV adoption following the introduction of government incentives.

Nearly one in four newly registered cars in March was electric, while overall EV sales have increased by 42% since the start of the year.

Italy also reported strong growth, with EV registrations rising by 65% so far this year, pushing their market share to 8.6% in March, up from around 5% at the end of 2025.

France remained among the top performers, with electric vehicles accounting for 28% of total car sales in March.

Experts say recent energy challenges have significantly influenced consumer behavior, with rising fuel costs accelerating the transition toward electric mobility. They add that as energy security becomes a key political priority, EV adoption is emerging as a practical and sustainable solution.

Relief for consumers as fuel prices remain stable

Relief for consumer

ISLAMABAD: The federal government has decided to maintain existing prices of petrol and diesel, providing relief to consumers amid ongoing economic pressures.

The Petroleum Division has issued an official notification confirming that there will be no change in fuel prices.

According to the notification, the price of petrol will remain fixed at Rs253.17 per litre, while the price of high-speed diesel will continue at Rs257.08 per litre.

The decision to keep fuel prices unchanged comes as part of the government’s broader efforts to ensure price stability and manage inflationary pressures in the country.

Earlier, the government has announced a significant cut in petroleum product prices, offering relief to consumers.

According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs10.28 per litre, bringing the new petrol price to Rs253.17 per litre.

The notification further stated that the price of diesel has been lowered by Rs8.57 per litre, with the new diesel price fixed at Rs257.08 per litre.

The revised prices will come into effect from January 1, offering financial relief amid rising living costs.