Budget Electric Cars Lure Europe’s Drivers After Fuel Price Jump

Demand for affordable electric vehicles is soaring in Europe as the fuel price increases caused by the Middle East conflict spur lower-income households to go green.

Inquiries about EVs costing less than €30,000 ($35,000) on Mobile.de, Germany’s largest car marketplace, have jumped 87% since the start of March, led by models like Renault SA’s Zoe. That’s outstripping a 77% rise in inquiries about all EVs, regardless of price.