Britain’s Electric Vehicle Market Is Booming as Fuel Prices Climb

Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said.

London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, said it had seen a more than doubling of sales for EVs in recent months in a “watershed moment” for the future of the car industry.

Motorpoint chief executive Mark Carpenter told City AM: “EVs are probably one of the…