Why the Iran war could be a ‘game-changer’ for EVs – and China’s car industry

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Surging oil prices driven by the US-Israel war on Iran could accelerate the global adoption of electric vehicles – a sector that helped China overtake Japan to become the world’s largest seller of automobiles last year.“The closure of the Strait of Hormuz could be a game-changer for EVs,” said David Brown, director of energy transition research at Wood Mackenzie, in a report released on Friday.The “eye-watering” 50 per cent surge in global oil prices so far this month would further incentivise...