Budget electric cars lure Europe’s drivers after fuel price jump amid Middle East conflict

Rising fuel prices due to the Middle East conflict are driving increased demand for affordable electric vehicles in Europe, particularly among lower-income households. Inquiries about EVs costing under €30,000 have surged by 87% in Germany since March, outpacing overall EV inquiries. This shift is fueled by economic uncertainty and a desire for alternatives to combustion engines, with new, cheaper EV models from European automakers gaining traction.