War in the Middle East Triggers Global Electric-Vehicle Surge
As the Iran conflict pushes petrol and diesel prices higher, global demand for electric vehicles has surged, with faster sales and higher prices for used EVs in the US, China, Vietnam, Japan, Europe and Australia. Vietnam’s VinFast reported a 127% YoY sales jump in March, while analysts say repeated energy shocks in the 2020s could make this a lasting shift toward EVs, aided by government charging-infrastructure initiatives and booming dealer interest despite stock constraints.