Europeans turn to clean energy amid fossil fuel price shock
The start of the Iran war has significantly accelerated consumer and government interest in clean energy. High fossil fuel prices and concerns over energy security have led to a surge in solar PV and electric vehicle inquiries across several European markets. Supportive policy frameworks can bolster the economic case for switching to renewables and electric vehicles. The relative size of Google searches for “plug-in solar” across six markets offers an indication that government support for new technologies influences take-up. Peaks in interest in EVs show a strong correlation with fossil fuel shocks related to geopolitical events, suggesting increased potential for electrification, which can be further supported through effective incentives.
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