War, Oil, and the Demand for Electric Cars

Omar Martin Fieles-Ahmad, Michael Kvasnicka () and Victor Libet
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Michael Kvasnicka: Faculty of Economics and Management, Otto-von-Guericke University Magdeburg

No 26012, FEMM Working Papers from Otto-von-Guericke University Magdeburg, Faculty of Economics and Management

Abstract: We study whether the sharp rise in petrol prices following the bombing of Iran on 28 February 2026 affected the short-run demand for battery electric vehicles in EU-27 countries. Using monthly vehicle-registration data and fixed-effects panel regressions, we show that the petrol-price shock increased battery electric-vehicle adoption, in particular in countries with better charging infrastructure and lower charging costs. Our findings suggest that higher fossil-fuel prices can accelerate the transition towards electric mobility.

Keywords: War; oil price shock; fossil fuel prices; electric cars; mobility transition; EU 27 (search for similar items in EconPapers)
JEL-codes: D12 L91 Q42 R40 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2026
New Economics Papers: this item is included in nep-ene, nep-eur and nep-tre
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https://www.fww.ovgu.de/fww_media/femm/femm_2026/2026_12.pdf First version, 2011 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:mag:wpaper:26012

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