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Used EV Sales Surge 47% in Europe Amid Price Hikes

4/13/2026

27 6 Full Breakdown

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Polestar CEO Insights

Polestar CEO Michael Lohscheller said used EVs outsell new EVs in Europe, driven by fuel prices tied to the Iran war.
Used EV sales surged 47% in the first quarter, reflecting a shift to affordable options for price-sensitive consumers.
Overall sales rose 7% to 13,126 cars.
Polestar focuses on Europe to boost margins amid global EV demand uncertainties.
United States sales fell to 735 vehicles, representing 5.6% of total sales.

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Europe's EV Surge

Interest in electric cars rose across Europe after the onset of the Iran war, driven by higher petrol prices.
Online marketplaces in the UK, Germany, France, and Spain reported EV inquiry increases, with Mobile.de up 50% in March and La Centrale up 160% in France.
Ian Plummer of Autotrader cautions past petrol-price spikes did not yield sustained EV purchases.
The crisis raises ownership costs, potentially shifting EV demand.

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Polestar CEO Insights

Polestar CEO Michael Lohscheller said used EVs outsell new EVs in Europe, driven by fuel prices tied to the Iran war.
Used EV sales surged 47% in the first quarter, reflecting a shift to affordable options for price-sensitive consumers.
Overall sales rose 7% to 13,126 cars.
Polestar focuses on Europe to boost margins amid global EV demand uncertainties.
United States sales fell to 735 vehicles, representing 5.6% of total sales.

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