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European EV registrations jumped 51 per cent in March 2026 as oil prices topped $100 a barrel following the Iran war.
European EV registrations jumped 51% in March 2026 due to oil price spikes from the Iran conflict.
KEY POINTS
- Chinese brands like BYD saw a 25,000% surge in European purchase enquiries during Q1 2026.
- BYD's registrations in Germany rose 327% in March, achieving a 1.2% market share.
- Renault's UK EV registrations hit 50% in April, with the Renault 5 leading electric sales.
- Mature charging and cheaper Chinese EVs may make this adoption surge more sustained than previous oil shocks.
COMPANIES
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