EV registrations rose 13% in July across 16 European markets, representing 25.7% of all new car sales, according to data provided to Reuters. The increase follows higher oil prices and the introduction of subsidies and more affordable electric models.

Since the war in Ukraine began in February, European automakers have expanded the availability of lower‑priced EVs and launched social leasing programs that target lower‑income buyers. In France, EVs accounted for a record 35% of new registrations in July, up from 17% a year earlier, as the government's social leasing scheme took effect.

Renault reported that electric cars made up more than half of its orders in July, up from 10% two years earlier, and the revived Renault 5 became the best‑selling electric model in the United Kingdom. The automaker plans to introduce an electric Twingo priced under £20,000 before a possible UK subsidy.

Consumer surveys show strong support for EVs as a response to fuel price volatility; a Carwow poll found 62% of respondents view EVs as the best long‑term solution to high fuel costs. Industry analysts note that while charging infrastructure remains limited for apartment dwellers, the combination of price and policy is accelerating adoption.

Overall, EV sales in the European Union increased 40.5% in the first half of the year, reaching more than 1.2 million cars and representing 20.7% of total sales. The trend contrasts with the United States, where EV sales fell more than 20% year‑on‑year after the federal tax credit was eliminated.

Analysts caution that growth may slow if oil prices decline or if charging infrastructure does not keep pace with demand.