Iran War Improves the Long-Term Prospects of EVs
The conflict involving Iran is shaking global energy markets in a serious way, but it may also create a turning point for the future of transport. While the short-term effects are painful, especially due to rising fuel costs, the situation could strengthen the long-term growth of electric vehicles (EVs). One of the biggest problems caused by the war is the disruption of oil supply. A key shipping route in the Middle East has been affected, limiting the movement of crude oil to major markets, especially in Asia. This has reduced supply and pushed oil prices higher. As a result, countries…