On May 14, data released by British market research firm Benchmark Mineral Intelligence on May 13 (local time) revealed that global electric vehicle (EV) sales experienced a second consecutive month of growth in April this year. Amid escalating tensions in the Middle East and surging oil prices, consumers' propensity to opt for electric vehicles has significantly increased. Geographically, Europe and Mexico emerged as standout performers, with EV registrations in Europe skyrocketing by 27% in April to around 400,000 units, while Mexico's cumulative sales for the year so far have surged nearly 50% compared to the same period last year. The report highlights that Middle East tensions have disrupted international oil shipments, keeping oil prices high and compelling consumers to shift towards more cost-effective electric vehicles. Furthermore, the accelerated pace of electrification model updates by major global automakers, coupled with persistent new energy vehicle purchase incentives in various countries, have also bolstered the rebound in EV sales.
