Energy shock from Middle East tensions spurs global EV demand for second month

Global EV registrations rose 6% year on year in April to 1.6 million, lifted by higher fuel prices and energy volatility tied to Middle East tensions.

Europe posted strong EV growth, while China’s domestic sales softened even as its exports surged.

North America saw EV demand decline after incentives ended, highlighting how policy shifts are reshaping the market.

The report suggests EV adoption is being driven not just by decarbonization, but also by subsidies, energy insecurity, and trade policy.