Canada swings to trade surplus for first time in s
Canada recorded its first trade surplus in six months as exports rose strongly supported by higher
In the early months of 2026, Europe witnessed a remarkable upswing in electric vehicle sales across its key automotive markets. This increase results from a significant shift of consumers moving away from fossil-fuel-powered cars due to soaring petrol and diesel prices.
Data gathered from E-Mobility Europe and the research organization New Automotive reveals that battery-electric vehicle (BEV) registrations surged by 29.4% year-on-year. In total, approximately 560,000 electric cars were registered in the first quarter.
March 2026 marked an even sharper rise, with BEV registrations soaring by 51.3%, totaling over 240,000 units across 15 key European markets.
This heightened demand correlates closely with a dramatic increase in petrol prices, influenced by the ongoing tensions surrounding Iran. Consumers are increasingly considering more economical and environmentally friendly options, leading electric vehicles to come to the forefront.
The five largest EV markets in Europe—Germany, France, Spain, Italy, and Poland—each recorded robust growth this year, with electric car sales exceeding a 40% increase.
In March alone, electric vehicles constituted 21.2% of new car registrations within the European Union and the European Free Trade Association, indicating a pronounced shift towards more sustainable transportation.
This trend underscores the rising consumer preference for electric vehicles while highlighting how fluctuations in global fuel prices are shaping purchasing decisions.