How the Iran War Could Reignite Global EV Demand

The war in Iran and broader Middle East conflict are making consumers and policymakers more aware of the vulnerabilities that face the global energy market. The price of fossil fuels is rising higher and higher, as supply chain disruptions are spurring oil shortages around the world. As governments worldwide evaluate their next moves, consumers appear to be increasingly turning to electric vehicles (EVs) to reduce their reliance on petrol. Many governments have introduced policies that aim to encourage the purchase of EVs and dissuade consumers…