The demand for electric cars has increased significantly in Europe, against the backdrop of rising fuel prices. What are the most sought-after brands?

The demand for electric cars, both new and second-hand, has skyrocketed in Europe, influenced by high fuel prices and the war in Iran.

According to Reuters data, electric vehicle sales increased by 30% in 2025, but their adoption remains below expectations. Automakers, including Volkswagen and Stellantis, have invested heavily but are facing high costs due to asset depreciation. In the UK, the demand for new electric vehicles rose by 95% in April, and new electric vehicle registrations increased by 34% in Europe. Manufacturers like Renault and Volvo reported a significant increase in orders for electric vehicles. Additionally, Chinese brands like BYD have gained popularity due to affordable prices, with demand for them rising dramatically.

The war in Iran has changed Europeans' perception of energy security, prompting a rapid transition to electric vehicles.