Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Electric vehicle (EV) adoption in Europe is set to rebound after a dip in 2024, with Bernstein projecting over 20% annual growth through 2030. While this trend supports the energy sector, its impact on overall European power consumption will be moderate.
According to Bernstein, EV-related electricity demand will rise from 30–40 TWh today to about 120 TWh by 2030, making up just 4% of Europe’s total power use. EVs will contribute to 25–35% of projected demand growth, alongside other drivers like heat electrification, green hydrogen, and data centers.
Despite expectations for continued EV adoption, falling electricity prices won’t be the main economic driver. Analysts led by Deepa Venkateswaran note that increasing grid and policy costs will offset commodity price drops. Still, EVs remain cost-effective compared to combustion cars, especially with home charging. Public fast charging, however, weakens this advantage.
A major implication lies in grid infrastructure. As EVs add to peak loads, EU27 and Norway will need to double annual distribution grid investment to €67 billion from 2025 to 2050. EVs are a key demand driver for this surge in spending.
There is also long-term potential in grid flexibility. With the right infrastructure, EVs could function as virtual power plants, helping balance the grid and accommodate intermittent renewable energy sources.
While not a game changer, EVs are a solid contributor to power sector evolution. Utilities like National Grid, Iberdrola, and E.ON SE are positioned to benefit, with Bernstein highlighting them as attractive investment opportunities due to strong earnings potential and increasing capital deployment aligned with EV growth.
Overall, EVs represent a steady but not disruptive tailwind for Europe’s energy transition and grid modernization.
