Jump in EU EV sales amid Iran war boosts Chinese brands’ fortunes


European consumers, spooked by rising oil prices due to the Middle East conflict, rushed to buy battery-powered cars last month, with Chinese electric vehicle (EV) brands poised to reap the benefits and give their global expansion a boost.

Battery EV (BEV) registrations, a proxy for retail sales, climbed 51 per cent month on month in March, topping 224,000 units across 15 key European Union (EU) markets, according to data jointly released by research firm New Automotive and industry consortium E-Mobility Europe on Monday.

“March’s surge in electric car sales is one of Europe’s biggest recent gains in energy security, in a month when oil dependence became a real vulnerability,” said Chris Heron, secretary general of E-Mobility, in a statement. “Across the EU’s major markets, EV sales are growing at rates above 40 per cent, marking a clear step change, not statistical noise.”

He added that the more than 500,000 BEVs delivered in the EU in the first quarter of the year could cut roughly two million barrels of oil demand a year.

BYD cars are ready for export in Suzhou, in China’s eastern Jiangsu province. Photo: AFP
BYD cars are ready for export in Suzhou, in China’s eastern Jiangsu province. Photo: AFP

The report did not include the sales of different carmakers.

Chinese-made pure electric cars, with their high-performance batteries and competitive pricing, had increased their market share in the EU since the start of this year, according to Cui Dongshu, secretary general of the China Passenger Car Association (CPCA). Their sales on the continent were expected to jump after the US-Israel war on Iran started at the end of February, he added.
  • Related Posts

    Turning point? Clean energy met 100% of world’s new power needs in 2025: report

    As the US-Israel war on Iran raises global concerns about energy security, a new report has found that the clean power sector is rapidly gaining ground and emerging as a…

    Continue reading
    ByteDance profit plunges on AI push as TikTok Shop powers overseas growth: reports

    ByteDance, the parent company of TikTok and Douyin, saw its net profit plummet by more than 70 per cent in 2025 as it poured money into artificial intelligence, according to…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *