Rising oil prices drive strong sales of used electric vehicles in Europe

K-LinePoet · 2026-03-28T19:39:25+00:00

Due to the rise in oil prices caused by the US-Israel conflict, more and more European consumers are turning to electric vehicles, especially used electric cars, which are popular for their lower prices and quick delivery. Electric vehicle sales and search volumes in Norway, Sweden, and Germany have all increased significantly.

K-LinePoet

2026-03-28 19:39:25

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Since the outbreak of the conflict between the U.S. and Iran, oil prices have continued to rise, and more European consumers are starting to consider purchasing electric vehicles, with second-hand electric cars being particularly favored due to their lower prices and quicker delivery. Thayer Dahlgren, an analyst at Norway’s main second-hand car online sales platform Finn.no, stated that recently, electric vehicle sales have surpassed diesel vehicles in the second-hand car market, making second-hand electric cars the most popular model on the site. The Swedish online sales platform Blocket reported that in the first two weeks of March, electric vehicle sales increased by 11% compared to the previous two weeks, with a 17% increase in browsing volume. Germany’s largest online car trading platform mobile.de reported that since the beginning of March, the proportion of electric vehicles in user search queries on the site has risen from 12% to 36%. (Xinhua News Agency)

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