War, oil, and the demand for electric cars

Omar Martin Fieles-Ahmad, Michael Kvasnicka and Victor Libet

No 1214, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

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)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:342546

DOI: 10.4419/96973399

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