Russian fuel crisis prompts rush for Chinese electric cars
Fuel prices rose more than 12% in the first five months, while plug-in hybrid sales jumped 125% and fully electric sales climbed 19%, officials said.
- Moscow car dealerships reported surging demand for electric vehicles as drivers seek alternatives to gasoline amid a worsening fuel crisis in Russia caused by Ukrainian strikes.
- Escalating Ukrainian strikes on Russian energy infrastructure squeezed gasoline and diesel supplies in recent weeks, prompting restrictions and pushing fuel prices up more than 12% between January and May.
- Analytical agency Autostat reported about 24,600 new plug-in hybrids sold in the first five months of the year, up 125%, while fully electric car sales rose 19% to 4,460.
- Founder Yevgeniy Zabelin told Reuters on Wednesday that his dealership, which specializes in Chinese brands, now sells two to three electric vehicles daily, up from two to three monthly.
- Charging infrastructure remains a hurdle; customer Vasiliy said he relies on a private station, noting that Moscow charging is a 'real problem', while Autostat chief Sergei Tselikov reported 1,754 new plug-in hybrid registrations last week.
11 Articles
11 Articles
A car resale in Moscow is struggling to meet the demand for new electric vehicles produced in China, as Russians try to circumvent the fuel supply crisis that results in long lines for refuelling and out-of-control prices in much of the country. Ukraine's escalation of attacks on Russia's energy infrastructure has affected the supply of gasoline and diesel in recent weeks, with restrictions on supply in most regions of the country. Although it i…
Electric Vehicles Surge in Russia Amid Fuel Crisis
Amid a fuel crisis caused by Ukrainian strikes on Russian energy infrastructure, the demand for electric vehicles in Russia is surging. Moscow dealerships report a significant rise in sales, largely driven by Chinese brands. The situation is pushing Russia's EV market into uncharted territories of growth.
Interest is rising both in the low-cost and premium segments. The trend towards alternative drives had already emerged before the acute crisis.
Russian fuel crisis prompts rush for Chinese electric cars
A Moscow car dealership is struggling to keep up with demand for new electric vehicles from China as drivers look to sidestep a fuel crisis that has led to long queues and soaring prices across much of Russia.
Russia's vast distances, harsh climate and limited number of charging stations are not a great support for the electric car market there. However, the country's fuel crisis, which is the result of increasingly frequent Ukrainian attacks on Russian energy infrastructure, has changed the situation and significantly...
Coverage Details
Bias Distribution
- 57% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
