world
Global Electric Vehicle Sales Increase Amid Rising Fuel Prices
Electric vehicle sales rose significantly in several countries as consumers sought alternatives to high fuel costs. Increases were reported in India, the UK, and the US, influenced by incentives and emissions rules. Analysts predict a sustained higher demand level following a temporary spike.
Apr 20, 6:42 AM·1m read2 sources
SemaforAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Electric vehicle (EV) sales increased worldwide as consumers turned to alternatives amid rising global fuel prices, according to a Semafor report. The UK recorded its highest number of EV sales in the same month.
In the US, used EV sales grew by 17% year-on-year during the first quarter.
Analysts forecast that the current sales spike will eventually cool. However, they suggest that EV demand will stabilize at a higher level than before the recent events.
“a new, higher normal than we had before”
