The Brief – Motorists rush for EVs
Welcome to a new edition of our ‘Brief’, a wrap-up of today’s top stories.
With both diesel and petrol rising well above €2/litre, drivers across Europe are considering a change of vehicle to avoid pain at the pumps. French and Dutch market data show consumers are moving en masse towards electric vehicles, with sales soaring – especially in the second-hand market.
“Many Europeans were slowly warming up to the idea of an EV as the car to buy in five to ten years, but the current energy shock is turning that into the car to buy next month,” said one analyst.
Many authorities are urging people to limit their journeys and drive more slowly, as fuel reserves are depleted and with no clear sign of relief as the energy crisis persists. Eurozone inflation has already surged as a result of rising fuel costs.
On Thursday, the EU backed a coalition led by Britain and France to reopen the Strait of Hormuz to navigation. The discussions followed anger from the Trump administration…
