Used car sales rise in Europe - War in the Middle East is making fuel more expensive
Gasoline price hikes caused by the war in Iran are boosting sales of used electric vehicles across Europe, online platforms said.
The war, which broke out on February 28, has disrupted a vital shipping route that carries around 20% of global oil supplies. This has had a direct impact on prices at petrol stations, with the average cost of petrol in the European Union rising by 12% to €1.84 per litre between February 23 and March 16, European Commission data shows.
French online used car dealer Aramisauto said its share of electric vehicle sales almost doubled from the week of February 16 to the week of March 9, rising to 12.7% from 6.5%. During that period, gasoline models at Aramisauto fell to 28% of sales from 34%, while diesel models fell to 10% from 14%. If fuel prices in the US and Europe remain high, new car buyers are also expected to shift towards electric and hybrid vehicles.
Used electric vehicle sales tend to react quickly to changes in mindset or sudden movements in gasoline prices because they are up to 40% cheaper than new models and readily available for sale, unlike new cars that often take months to deliver.
In Germany, mobile.de, the country's largest online car marketplace, said the share of searches for electric vehicles on its website has tripled since the beginning of March - from 12% to 36% - while car dealers have received 66% more inquiries for used electric vehicles than in February.
"Currently, high gasoline prices are leading to a growing demand for electromobility," the company said.
Europe "loses control" of gas - Cargoes "chasing" higher prices in Asia
Europe is being excluded from the global liquefied natural gas (LNG) market as Asian buyers outbid for limited cargoes, with data showing some tankers......
Global markets lose 13-14 million barrels of oil per day - Barclays study: Cause, prolonged disruption of the Strait of Hormuz
Barclays said a prolonged closure of the Strait of Hormuz could lead to a global supply loss of 13-14 million barrels of oil per day, noting that while the......
2nd Albania-Japan Business Forum/ Ibrahimaj: Economic cooperation and bilateral investments in focus
The Minister of Economy and Innovation, Delina Ibrahimaj, participated in the second Albania-Japan business forum, a key platform for deepening and expanding......
Vorë-Hani i Hotit train, 8.8 million euros for supervision - EBRD signs contract with French-Spanish consortium
With a value of approximately 8.8 million euros, the European Bank for Reconstruction and Development has signed the contract for the supervision of the......
Inspection reform, portal for citizens' complaints - Sula: All structures should be prepared for the tourist season
This Wednesday, the General Inspectorate, in coordination with the regional inspectorates of the State Labor Inspectorate, held a meeting within the......
Public administration reforms - Focus on efficiency, training and EU standards
Public administration is entering a more concrete phase of transformation, as part of the country's preparation for membership in the European Union. At the......
Where is foreign investors' money going in Albania? - Real estate tops the list of sectors attracting the most capital from abroad
Compared to 2024, Albania has managed to attract more foreign investment over the past year. The latest data from the Bank of Albania shows that the flow of......
Immigrants brought in around 1.1 billion euros/ Year 2025: Balance improves, but exchange rate weakens purchasing power
Remittances from Albanian emigrants reached 1.12 billion euros in 2025, the highest level recorded so far in the balance of payments series. According to......
