Rising oil prices are once again boosting the appeal of electric vehicles _en

Rising oil prices are once again boosting the appeal of electric vehicles. The conflict surrounding Iran has curtailed approximately 20% of global oil trade and triggered a sharp rise in fuel prices. History shows that such shocks shift driver behavior toward more fuel-efficient technologies, and electric vehicles are becoming increasingly competitive in this regard. Battery costs have fallen by about half compared to 2022, and total cost of ownership is already lower than that of combustion-engine cars in some cases. reuters.com 🇬🇧

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