Europe’s EV demand spikes as high fuel prices push buyers toward electric cars, prompting Stellantis to launch a €60bn plan for 60 new models by 2030 in Europe.

EV demand spikes across Europe

Recent data shows that demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second‑hand EVs. The shift provides a much‑needed boost to the auto industry, with consumers and fleets seeking alternatives to costly gasoline and diesel.

Stellantis unveils €60bn roadmap

Stellantis set out a new 60 billion euro business plan on Thursday that includes 60 new car models by 2030, ranging from combustion engines to fully electric vehicles. The plan also calls for new technology investments, joint ventures with other carmakers and better use of manufacturing capacity to meet the growing demand.

Other industry developments

• Tesla launched Full Self‑Driving (Supervised) in Lithuania, the second European country after the Netherlands to receive the driver‑assistance software.
• Hyundai is recalling 54,337 vehicles in the United States because of a fire risk tied to an overheating hybrid power control unit.
• Uber and DoorDash have held exploratory talks with investors in rival Delivery Hero ahead of a possible takeover bid, signaling cross‑sector activity that could affect logistics for automotive parts and services.

The combined effect of soaring EV demand, aggressive new model strategies and ongoing safety actions underscores a dynamic period for the automotive sector, where innovation and regulatory compliance are driving the next wave of growth.