On October 8, fuel usage costs are influencing car-buying choices across Europe. According to an industry analysis released on October 5, EasyMarkets notes that pure electric vehicle sales in the EU rose 45% year-on-year from January to August, reaching approximately 1.64 million units.

Battery electric models outsold gasoline models for the first time in the second quarter, signaling a shift in the powertrain mix of the new car market.

Vehicle supply is also a key condition for this change. EasyMarkets believes the report mentions that more lower-priced new models are entering the market, with roughly 60 new models expected to launch over the full year.

Consumers are not only comparing purchase prices but also weighing charging conditions and ongoing expenses, so sales growth cannot be attributed entirely to any single short-term price factor.

For the oil market, the share of new car sales is a signal of demand trends, but it is not an immediate replacement ratio for gasoline consumption.

Replacing the existing fleet takes time, and mileage, vehicle efficiency, and household charging coverage will also affect the pace of fuel savings.

Even if EV sales expand rapidly, fuel consumption from road freight and other uses must still be estimated separately and cannot be directly extrapolated to overall oil demand.

Therefore, a time lag should be maintained between sales changes and fuel consumption, and a single quarter's new car performance cannot be directly treated as a demand turning point.

In the next stage, EasyMarkets analysis suggests observing the transmission process by combining new vehicle registrations, the structure of the existing fleet, and actual gasoline sales.

If low-priced models continue to increase and charging convenience improves, the substitution trend may become more stable; if the gap in usage costs narrows, the growth rate could also change.

This data is better suited for assessing medium-term consumption structure rather than predicting short-term oil prices.