EV Sales Are Booming in Europe with Gasoline at $10 a Gallon

Electric vehicle (EV) sales in Europe have experienced a significant surge, increasing by 52% in 2026, as gasoline prices reach record highs, with some European cities seeing prices as high as $10 per gallon. This growth in EV sales is attributed to the increasing availability of charging infrastructure and decreasing battery costs. Germany, the UK, and Norway are among the top markets for EV adoption. The European Union has set a target to have at least 50% of new car sales be electric by 2035, and the current trend suggests that this goal may be met ahead of schedule. Norway, in particular, has seen a significant increase in EV sales, with over 80% of new car sales being electric, making it the largest market for EVs in the world.