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Foreign Media: In the Era of High Oil Prices, People Increasingly Prefer Chinese Electric Vehicles

Foreign Media: In the Era of High Oil Prices, People Increasingly Prefer Chinese Electric Vehicles

Published on: 2026-04-23

Source: People’s Republic of China in Russian language –

An important disclaimer is at the bottom of this article.

Recently, due to the prolonged conflict between the USA, Israel, and Iran, as well as the high volatility of global oil prices, the costs of operating fuel vehicles worldwide have increased significantly. Against this backdrop, many foreign markets have seen an explosive growth in demand for exported automobiles from China that use alternative energy sources, which has attracted the attention of foreign media.

According to the authoritative news portal Electrek, specializing in electric vehicles and clean energy, it is reported that in the long term, owning an electric vehicle is more profitable due to lower fuel costs. The publication notes that currently, the initial cost of electric vehicles has decreased, largely thanks to Chinese electric vehicle manufacturers.

According to data from the largest British car sales website Autotrader, which the article references, the average price of electric cars is £785 (about $1063) lower than that of gasoline-powered cars. This means that owning an electric car not only saves on fuel but also reduces initial costs due to the lower purchase price. Moreover, the use of electric cars brings social benefits by reducing environmental pollution.

The publication notes that due to the sharp rise in global energy prices caused by the US war against Iran, the issue of the operation of cars has recently acquired special relevance. This has led to growing interest in electric cars in many countries and regions of the world, including Great Britain. The publication mentions that there has also been a significant increase in sales of electric cars in Australia recently, especially affordable Chinese models.

The message quotes the words of Ford CEO Jim Farley, who stated that if the US is forced to compete with a country seriously committed to electric vehicles, then Chinese electric vehicles will destroy the “heart and soul” of the American automotive industry.

A recent Reuters report also notes the growing popularity of Chinese automobile brands among German consumers. According to the report, amid the constant rise in fuel prices, German consumers are increasingly considering the purchase of electric vehicles.

The message provides data from the British online car sales platform Carwow, according to which one of the well-known Chinese electric vehicle brands showed one of the best growth dynamics results in Germany in the first quarter of this year: during this period, the number of requests for electric vehicles of this brand grew by 135%. Furthermore, the data shows that consumers show greater interest in several models of this brand, which puts pressure on European competitors and encourages them to release more affordable alternative models.

The British online car sales platform Carwow also notes that the military actions in the Middle East have led to an increase in oil prices, as a result of which “electric cars, distinguished by affordable prices and short delivery times, are becoming increasingly attractive. In such conditions, Chinese manufacturers can especially effectively utilize their advantages and significantly increase their market share.”

Please note; this information is raw content obtained directly from the information source. It represents an exact report of what the source asserts and does not necessarily reflect the position of MIL-OSI or its clients.