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Electric car sales rise amid Middle East conflict
Electric vehicle sales experienced a significant rise in the second quarter of the year, following a sharp increase in fuel prices due to the war in the Middle East. Sales grew by 35% compared to the first three months of the year, setting records in 50 countries. The surge in oil prices, which exceeded $120 per barrel after the closure of the Strait of Hormuz, contributed to a shift in consumer preferences toward electric cars as a means to enhance energy security and reduce reliance on fossil fuels. The International Energy Agency (IEA) forecasts a 10% increase in electric vehicle sales this year, accounting for 29% of total car sales, despite declines in China and America due to changes in government support. Europe experienced the largest growth, exceeding 30% during the first half of the year.
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