In brighter economic news, electric vehicles continued their remarkable ascent in two major markets. In Germany, EV registrations surged 66% in March, overtaking petrol cars in the new vehicle statistics for the first time — a milestone driven by new government subsidies and high fuel prices, according to Der Spiegel. Some brands reportedly quadrupled their sales.
Meanwhile in India, EV retail sales climbed 24.6% in the fiscal year ending March 2026, reaching 24.52 lakh (2.45 million) units, according to the Federation of Automobile Dealers Associations (FADA). Electric passenger vehicle sales surged 83.63%, narrowly missing the two-lakh mark, while electric two-wheelers crossed 14 lakh units.
