Fuel costs surge drive EV sales in Europe
Electric vehicle sales in Europe have experienced a significant rebound in recent months, with demand rising due to soaring fuel prices and increased government incentives and supportive policies. In May, registrations of these vehicles rose by 34.4% compared to last year, reaching 212,387 cars, with a market share of 23.6%, the highest level to date. This growth is attributed to improvements in charging infrastructure and the introduction of both higher-end and more affordable models, while used cars remain cheaper than their internal combustion engine counterparts.
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