Iran War Sparks a New Electric Vehicle Boom
Petrol
The war in Iran, which has been ongoing since late February 2026, has triggered a global energy crisis that is noticeably boosting the sales of electric vehicles in the USA, Europe, and in the overseas markets of Chinese manufacturers. Rising petrol prices are prompting consumers on several continents to increasingly look for electric alternatives, both in the new and used car markets. Background: Oil Price Shock from the Outbreak of War The war, which broke out on 28 February 2026, has
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