High Oil Prices Are Driving an EV Boom in Europe ...Middle East

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High Oil Prices Are Driving an EV Boom in Europe
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High oil and fuel prices led to yet another monthly rise in electric car sales in Europe, at a solid 34% on the year, thanks in no small part to the wider availability of cheaper vehicles from China, Reuters reported today, citing data from E-Mobility and New Automotive. Yet, European carmakers are also seeing higher demand for their electric models, with Renault reporting a 50% increase in its EV order book, per Reuters. However, the chief executive of the French major cautioned that this could change quite quickly when oil prices come down, casting…

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