Global car market

EV demand surges across Europe as fuel prices spike amid Iran conflict

Demand for electric vehicles has surged across Europe as elevated fuel prices linked to the Iran conflict push consumers toward new and second-hand EVs, according to data shared with Reuters. It is providing a boost to an auto industry that has struggled with slower-than-expected adoption.

07:34

EV Transition

EV transition slows as U.S.-China competition impacts regional markets

Major automakers showcased new electric vehicles at the New York Auto Show this week, under the slogan “electrification is the future." However, weakening demand in the United States and intense competition with China are raising questions for markets across the globe, including the South Caucasus.

Browse today's tags

News Politics Azerbaijan United States Armenia Iran Türkiye China