Used Electric Vehicle Sales Surge Across Europe Amid Soaring Petrol Prices Linked to Conflict

Brussels. Following a sharp rise in petrol prices due to the ongoing conflict in Iran, the sale of electric vehicles (EVs) used across Europe has increased significantly. Information provided by online car market platforms indicates that rising fuel costs are beginning to attract consumers away from petrol and diesel cars towards electric alternatives.

Terje Dahlgren, an analyst at Finn.no, a major used car market based in Norway, stated, "There is currently a flood of electric cars in the used car market." According to him, EV sales have now overtaken diesel cars to secure the top spot in the best-selling category.

The war, which began on February 28, has disrupted major sea routes that account for about 20 percent of global oil supply. This has had a direct impact at petrol pumps. According to European Commission data, the average price of petrol in the European Union rose by 12 percent from February 23 to March 16, reaching 1 euro and 84 cents per liter.

Aramisauto, a used French online car retailer, also reported a sharp increase in EV sales. According to the company, the share of EV sales, which stood at 6.5 percent in the week starting February 16, increased to 12.7 percent in the week starting March 9. Share