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Takeaways by Bloomberg AI
After years of broadly unsuccessful efforts to wean drivers off combustion engines, sales of electric vehicles are surging in Europe thanks to the jump in fuel prices stoked by geopolitical upheaval.
Registrations of fully-electric cars soared 52% across the region in August compared with a year earlier, according to data published Thursday by the European Automobile Manufacturers’ Association. Germany, the biggest market, led the gains with a three-quarter jump while sales in France more than doubled.