Oil prices soaring accelerate the wave of electrification! European car sales have increased for four consecutive months.

According to the WiseFinance APP, as consumers purchase more affordable electric and hybrid vehicles, market demand continues to improve, with European car sales increasing for the fourth consecutive month. Data released by the European Automobile Manufacturers' Association (ACEA) on Tuesday showed that new car registrations in Europe increased by 3.6% year-on-year to reach 1.15 million units in May. Major markets such as France and the UK saw growth in sales, with the increase in deliveries of electric and hybrid vehicles offsetting the decline in sales of fuel vehicles.