Rising fuel prices driven by the Iran war are boosting demand for new and used electric vehicles across Europe, industry data shared with Reuters shows, though some executives warn interest could fade if petrol costs fall.
Sales of hybrid vehicles rose 33% in May versus last year, as buyers seek better fuel economy.
As President Donald Trump prepares to meet with Chinese President Xi Jinping this week, the U.S. auto industry and lawmakers on both sides of the aisle are hammering him with a simple message: Please don't offer China any access to the U.S. car market.
China exported more electric vehicles and plug-in vehicles than gasoline or diesel cars for the first time in April, as automakers expanded aggressively overseas to offset subdued demand in the domestic market.
Legacy Western automakers once held the keys to China's car market, but the 2026 Beijing Auto Show shows how domestic EV makers are taking the lead. Stephen Engle reports on how the latest tech and aggressive pricing are winning over consumers.
Electric vehicle sales in China and Europe have reached a threshold or "tipping point" that has triggered an irreversible shift away from their petrol and diesel-powered equivalents. For their article published in Nature Communications, researchers analyzed global sales from 2016–23 and observed that EV sales were increasing exponentially across 32 countries, with the global fleet of electric and hybrid vehicles doubling every 1.5 years.
Energy market volatility and rising fuel costs may be fast-tracking EV adoption. EV ETFs may be a long-term play worth watching.
Q4 earnings are near for some sectors facing pressure. Autos, Transportation and Staples ETFs CARZ, IYT, XLP look vulnerable.
After electronics, the administrative windfall is now shifting to autos. Trump hinted at offering some short-term tariff relief to automakers to give them time to develop a future roadmap.
Look at ETFs that can be affected as President Trump announces 25% tariffs on auto imports to the United States.
Exchange-traded funds (ETFs) offer investors a compelling way to diversify portfolios with ease, combining the flexibility of stocks with the broad exposure of mutual funds.
These sector ETFs are at risk from the escalating trade war.