Global Business News
October 13, 2026
Business Briefing Markets · Companies · Technology · Economy · Finance
Latest News
Independent business intelligence Global markets, companies and ideas shaping business.

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

EU to push member states to cut tax rate below duty on gas, with 11% surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope live – latest updatesSales of residential heat pumps increased 11% across Europe in the first…
Heat pump sales soar across Europe after states cut electricity taxes, data shows

EU to push member states to cut tax rate below duty on gas, with 11% surge in sales also put down to fallout from Iran warBusiness live – latest updatesEurope live – latest updatesSales of residential heat pumps increased 11% 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…

Original reporting
The Guardian Business
Read Original Report →