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Used EV sales jump in Europe as Iran war drives up petrol prices

News Snapshot:

PARIS/STOCKHOLM – Petrol price spikes triggered by the war in Iran are boosting used electric vehicle (EV) sales across Europe, online car platforms told Reuters, in an early sign that pain at the pump is pushing consumers away from combustion engines.“There is currently an electric car bonanza in the used market,” said Mr Terje Dahlgren, an analyst at Norway’s largest used-car marketplace Finn.no, adding that EVs have recently overtaken diesel models as the site’s best-selling fuel type.The war, which erupted on Feb 28, has disrupted a vital shipping route that carries roughly 20 per cent of global oil supplies.That has…

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