The Gulf Oil Shock Is Pushing E.V. Sales to New Heights Globally
By Mira Rojanasakul and Brad Plumer , The New York Times. Excerpt: Electric car sales are on track to hit record highs this year, with 29 percent of all new cars purchased around the world expected to be either purely battery-powered models or plug-in hybrids, according to a recent report from the International Energy Agency. That’s a sharp increase from just 4 percent in 2020. The boom in sales was somewhat unexpected. Some analysts had predicted a slower market for electric vehicles this year — until the U.S. war with Iran and the closure of the Strait of Hormuz caused oil and gasoline prices to spike. That has led to a frenzy of electric car sales in many unexpected corners of the globe. In South Africa, sales of electric cars more than quintupled in the first half of this year compared to the same period last year. In Laos, imports of battery-powered vehicles from China are soaring. And in countries as different as Australia, Colombia and South Korea, the E.V. share of total...