New car registrations in Europe, including the UK, Norway, and Switzerland, rose by 10.2% in September 2026 compared to the previous year. However, conventional gasoline and diesel car sales plummeted, with gasoline car sales down 20.6% and diesel sales falling 28.2%. Battery electric vehicle (BEV) sales surged by 60%, while plug-in hybrid and hybrid electric vehicle sales also saw significant growth.
October 29, 2026
EU Oil Costs Surge $11 Billion Monthly Amid Middle East Tensions
The EU's oil import bill has risen by $11 billion per month due to Middle East tensions disrupting global oil supplies.
Impact
The rising oil costs are likely to continue pressuring European economies and accelerate the transition to electric vehicles.