New trend in Israel due to rising fuel prices

Rising gasoline prices in Israel are accelerating the shift to electric vehicles. The cost of a liter of 95-octane gasoline will rise to approximately 7.85 shekels. Affordable models such as the MG4 Urban for 120,000 shekels are entering the market. The share of electric vehicles in Israel has grown to 12%, and is expected to exceed 15% by the end of the year.

Rising fuel prices in Israel are transforming the automotive market, pushing drivers toward electric models. The cost of a liter of 95-octane gasoline will rise to approximately 7.85 shekels. Against this backdrop, interest in electric vehicles is increasing, especially with the emergence of more affordable models. For example, this week the MG4 Urban was introduced at a price of 120,000 shekels — a compact family car cheaper than many gasoline subcompacts. Prices for other MG models have also been reduced. Delek Motors lowered the price of the Via Frieza to 176,000 shekels, Kia introduced the EV3 with a range of up to 604 km for 170,000 shekels, and Hyundai launched an electric crossover with a range of 506 km for 175,000 shekels. BYD updated the Atto 3, starting at 155,000 shekels. The leading electric brand is Xpeng (3,292 registrations since the start of the year), followed by Tesla (3,139). Among models, the Xpeng G6 ranks first, the Deepal S05 second, and the Tesla Model Y third. At least 10 new electric vehicles are now available on the market for under 150,000 shekels. The share of electric vehicles in Israel has grown to 12%, and is expected to exceed 15% by the end of the year. In Europe, particularly in Germany, electric vehicles have already taken the top spot in sales with a 28.4% share.