TLDR

  • Since late February, the conflict in Iran has driven EU petrol prices up by 12%, reaching an average of €1.84 per litre.
  • Across Europe, sales of used electric vehicles have spiked, with enquiries increasing by more than 50% in certain markets.
  • In France, Aramisauto saw its share of EV sales nearly double over three weeks, climbing from 6.5% to 12.7%.
  • According to mobile.de in Germany, searches for EVs tripled in March, rising from 12% to 36% of total searches.
  • MarketBeat has identified seven EV stocks worth monitoring: Tesla, Rivian, NIO, XPENG, Lucid, QuantumScape, and Li Auto.

(SeaPRwire) –   Petrol prices across Europe have surged following the outbreak of war in Iran on February 28. This sudden increase in cost is driving consumers toward second-hand electric vehicles and bringing EV stocks back into the spotlight for investors.

Data from the European Commission indicates that the average price of petrol in the EU increased by 12% between February 23 and March 16, hitting €1.84 per litre. The conflict has disrupted a shipping route responsible for transporting approximately 20% of the world’s oil supply.

In France, the daily price of petrol rose from approximately €1.70 per litre at the start of 2026 to roughly €2.03 per litre by the middle of March.

Used car marketplaces throughout Europe are reporting rapidly growing demand for electric vehicles. Aramisauto in France stated that its sales share for EVs nearly doubled, rising from 6.5% to 12.7%, between the week ending February 16 and the week ending March 9.

During the same timeframe, sales of petrol vehicles on the platform decreased from 34% to 28%, while diesel sales fell from 14% to 10%.

According to Amsterdam-based OLX, enquiries for EVs surged by 50% in France, 54% in Portugal, 40% in Romania, and 39% in Poland, with the pace of growth accelerating each week.

Surge in EV Demand Across Northern Europe

In Germany, mobile.de reported that searches for EVs have tripled since the beginning of March, accounting for 36% of all car searches, up from 12%. Additionally, car dealers received 66% more enquiries regarding used EVs than in February.

Blocket in Sweden noted an 11% increase in EV sales during the first two weeks of March compared to the preceding two weeks. Views of EV listings also grew by 17% over the same period.

Finn.no in Norway announced that EVs have surpassed diesel to become the platform’s top-selling fuel type. Meanwhile, Bilbasen in Denmark also reported an increase in EV searches, citing higher petrol prices as the primary reason.

The market for used EVs typically reacts swiftly to spikes in fuel costs, as these vehicles are priced up to 40% lower than new models and are available immediately, whereas new cars can require months for delivery.

Investors Turn Their Attention to EV Stocks

As demand for EVs climbs in Europe, MarketBeat’s stock screener has highlighted seven EV-related stocks that have recorded the highest recent trading volume by dollar value in the sector.

Tesla is involved in the design and sale of electric vehicles and energy systems in the US, China, and other regions. The company also manages the Supercharger network and sells regulatory credits to automotive manufacturers.

Tesla, Inc., TSLA
TSLA Stock Card

Rivian Automotive manufactures electric trucks and SUVs, notably the R1T pickup truck and the R1S SUV, which seats seven passengers.

NIO produces and sells electric vehicles in China, in addition to battery packs, electric powertrain components, and battery swapping services.

NIO Inc., NIO
NIO Stock Card

XPENG specializes in smart electric vehicles in China, including the G3 and G9 SUVs and the P7 sedan, while also providing charging, financing, and software solutions.

Lucid Group focuses on designing and selling electric vehicles, featuring proprietary EV powertrains, battery systems, and software developed in-house.

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