Asian Currencies Steady as Dollar Weakens After Treasury Bond Buybacks 
Dollar Hovers Near Multi-Month Lows as Treasury Buybacks Rattle Markets 
Trump Vows Tougher Iran Sanctions as US Weighs New Economic Pressure 
Oil Prices Retreat as Markets Await Tougher Iran Sanctions 
US Plans ‘Toughest Sanctions in History’ on Iran, Bessent Says 
India PMI Rises as Services Offset Manufacturing Slowdown 
Gold Holds Above $4,500 as Dollar Weakens 
South Korea Producer Prices Fall 0.4% in July 
US Dollar Heads for Worst Week Since July as Fiscal Concerns Mount 
Oil Prices Rise as Trump Threatens Tougher Iran Economic Measures 
Gold Prices Hit Three-Month High as Dollar Weakens 
Peru Economy Grows 2.6% in Q2 as Private Investment Surges 
Asian Currencies Rise as Dollar Weakens, Treasury Yields Climb 
Australia Unemployment Rate Hits 4.5% as Jobs Fall in July 
Asian Stocks Slide as Samsung, Alibaba Lead Tech Selloff 
Wall Street Ends Higher as Crypto Stocks and Materials Rally 
Add as a preferred source on Google
Electric vehicle sales accelerated across Europe in July as high fuel prices, government subsidies and a growing selection of affordable EV models encouraged drivers to move away from combustion-engine cars.
Demand for electric vehicles has strengthened since the Iran war began in February, contributing to higher oil and fuel prices. Automakers are watching closely to see whether the momentum will continue if oil prices eventually decline, while limited public charging infrastructure remains a major obstacle.
Renault UK Managing Director Adam Wood said consumers increasingly see EVs as protection against volatile fuel costs. Electric vehicles represented more than 50% of Renault’s UK orders in July, compared with just 10% of its sales two years earlier.
The Renault 5 became Britain’s best-selling electric car in July, while the automaker plans to introduce the electric Twingo later this year at a starting price below £20,000 ($26,984), before any potential UK government subsidy.
Across the European Union, EV sales jumped 40.5% year-on-year during the first half of 2026 to more than 1.2 million vehicles, representing 20.7% of total car sales.
Data from New Automotive and E-Mobility Europe showed electric vehicle registrations increased 13% in July across 16 European markets accounting for more than 90% of EU and European Free Trade Association car sales. EVs captured a 25.7% share of new-car sales in those markets.
Online interest has also surged. OLX reported EV enquiries since February climbed 84% in France, 59% in Romania, 30% in Portugal and 19% in Poland. Meanwhile, 62% of respondents to a German Carwow survey viewed switching to an EV as the best long-term response to persistently high fuel costs.
France recorded particularly strong growth, with EVs accounting for a record 35% of July registrations, up from 17% a year earlier, supported by its social-leasing subsidy program.
The U.S. market is moving in the opposite direction. Cox Automotive expects American EV sales to fall 23% in 2026, leaving electric vehicles with a 6.2% market share after the federal tax incentive was eliminated.
Despite Europe’s growth, inadequate public charging could limit further adoption, particularly among apartment residents without access to home chargers.
