EV Sales Surge Across Europe in Early 2026 Amid Record Petrol Prices
Electric Vehicle Market Growth Driven by Soaring Fuel Costs
April 20 (Reuters) – Sales of fully electric cars in Europe’s main auto markets jumped by almost a third in the first quarter of 2026, as drivers looked for alternatives to combustion engines after the war in Iran caused the highest spike in petrol prices in years.
Quarterly Sales Data and Market Share
New battery-electric vehicle (BEV) registrations, a proxy for sales, rose 29.4% from a year ago to almost 560,000 in the quarter and were up 51.3% at over 240,000 in March alone in 15 European markets, data collected by trade association E-Mobility Europe and research firm New Automotive showed on Monday.
Last year, those markets accounted for 94% of all BEV sales in the European Union and the European Free Trade Association, whose countries align with EU laws regulating CO2 emissions, data by the ACEA auto lobby shows.
Energy Security and Oil Consumption Impact
“March’s surge in electric car sales is one of Europe’s biggest recent gains in energy security, in a month when oil dependence has become a real vulnerability,” E-Mobility Europe Secretary General Chris Heron said in a statement.
The joint statement from the two organisations said the half-million BEVs registered in the quarter were enough to reduce oil consumption by 2 million barrels per year.
Leading EV Markets and Regional Trends
The region’s five largest EV markets – Germany, France, Spain, Italy and Poland – have recorded growth of more than 40% in BEV sales so far this year, it said. It estimated that 21.2% of all new cars registered in the EU and EFTA in March were electric.
Britain’s BEV Market Performance
In a separate report published earlier in April, New Automotive said BEV registrations in Britain, Europe’s second-biggest BEV market after Germany, grew 12.8% in the quarter, also helped by rising petrol prices, and accounted for 22.5% of new car sales in the country.
(Reporting by Alessandro Parodi in Gdansk; Editing by Milla Nissi-Prussak and Andrew Heavens)