Bloomberg NEF reports that March car sell data of countries like Brazil, South Korea, Australia, Italy, France, Germany, Norway, Denmark, Spain, Thailand, Sweden, shows that consumers are now choosing electric vehicles as an affordable option. Bloomberg analysis indicates that soaring price of oil and gas due to the ongoing war in the middle east and availability of China made cheaper cars are the two driving forces behind this shift in choice of car buyers in these 11 counntries. Chinese customs data as shared by Bloomberg shows EV shipments from China increased by 17% in Australia from February 2026, 63% in Belgium, 34% in Germany. However, it seems that a conducive environment for EVs is the third critical factor for rising sales. As for example Germany has re-introduced purchase subsidies of up to Euro 6000 and France has strengthened an electrification mandate for its vehicular fleet. Globally, total sales of EVs in March 2026 is 1.1 million higher than last March 2025, which is 2% rise in sales. This has happened in spite of a sharp decline in EV sales in US, Canada and China. About 17% of new cars and trucks sold around the world last month were entirely battery powered vehicles. The rise in sales in these countries has offset the dip in EV sales in the EV giants like US, China and Canada. The total population of the 11 countries mentioned in opening sentence of this post are 643 million with nominal GDP 22.6 trillion USD, land area 19.4 million sq km in comparison to population of US, China, Canada 1.8 billion with nominal GDP 54.7 trillion USD, Land area 29.06 million sq km. As per 2025 new sales, the overall car market of 11 countries are 18-20 million units in comparison to aggregate car market of 40-46 million units in the three big players. The dip in sale of electric car in this three big countries have been offset by the rise in sale in the smaller markets of these 11 countries. Brazil and Thailand are emerging markets. In South Korea electric car sales has doubled. In France, Germany and UK 206200 electric cars are chosen since beginning of Iran war, which is 44% higher than last year. In Italy the car sale figure for March 2026 is 16,000, which is 67% increase in EV car sales. Electric cars do not cause air pollution. Soler powered EVs are all known as Zero Emission Vehicles or ZEVs. Increase of sale and use of electric car is an indicator of mobility without air pollution and GHG minimization.
Bloomberg reports the story of Graham Kettlewell, a 62 year old atmospheric chemist, who measured rising levels of CO2 through out his life. He is well aware of the rising level of GHGs and its pitfall. But Kettlewell was not motivated enough by the science he practice to ditch his favourite fossil fuel fired 2014 NISSAN Altima until price of gas spiked. He has opted for EVs with solar panels in rooftop of his home. Operating cost of his vehicle has dropped from $100 a week to $4. This is story of thousands of consumers. Australians brought 14100 EVs last month, 68% higher than last year. China is still insulated from rising price of gas and sale of EVs in last March was very strong in March 2025 not to miss last leg of federal incentive in US.
However, it is happening in those countries faster, where nations have a framework for promoting EVs. Surges in EVs in European countries are two bright examples of these EV conducive environments.
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https://www.bloomberg.com/news/articles/2026-04-28/ev-sales-jump-in-march-in-response-to-soaring-gas-prices?utm_source=website&utm_medium=share&utm_campaign=copy
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