Economic dataWar activity

Heat pump sales soar across Europe after states cut electricity taxes, data shows

The Guardian28 September 2026, 13:53 UTCIran

EU to push members to cut tax rate below duty on gas, with 10%+ surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope live – latest updatesSales of residential heat pumps jumped across Europe in the first six months of the year, as the Iran war sent oil and gas prices rocketing and some countries lowered electricity taxes.Homeowners bought 1.16m heat pumps across 12 European countries, up from 1.05m in the first half of 2025, according to the European Heat Pump Association (EHPA). Continue reading...

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