<
https://yaleclimateconnections.org/2026/08/trumps-iran-war-supercharged-ev-sales-everywhere-except-the-u-s/>
"Electric vehicle sales are a surprising beneficiary of the Trump presidency –
at least outside of the United States.
The Iran conflict caused global oil prices to surge above $100 per barrel in
March, April, and May of this year. Gasoline prices soon followed suit,
exceeding $4 per gallon in the United States most days since April Fools’ Day.
As the biggest consumer of oil from the Middle East, Asia was hit hardest by
its rising prices, shortages, and restrictions. But China’s measures to cut
back on its oil imports have prevented global oil prices from escalating as
high as many experts predicted.
Electric vehicles are one contributing factor. A recent analysis estimated that
China’s rapid adoption of EVs has reduced the country’s oil consumption by 1.5
million barrels per day, or nearly 10%.
A new global electric car market report from the International Energy Agency,
or IEA, also concluded that the Iran conflict and associated energy crisis “has
clearly reinforced the case for EVs as a way to address energy security and
fuel cost concerns,” and that it “may therefore further accelerate ongoing
shifts in global car markets towards more electrification.”
The share of global new car sales that are electrified – meaning both fully
electric vehicles and plug-in hybrids – has grown steadily in recent years,
according to the IEA. In 2020, EVs represented under 5% of global new car
sales. That share rose rapidly to 20% in 2024 and reached one-in-four new cars
sold last year."
Via Kenny Chaffin.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
