Hormuz Oil Crisis Ignites Global EV Surge: Sales to Hit 30% of Market in 2026

The escalating crisis in the Strait of Hormuz has triggered a seismic shift in global automotive markets, with electric vehicle (EV) sales accelerating at an unprecedented pace. According to new analysis from Wood Mackenzie and the International Energy Agency (IEA), high oil and fuel prices resulting from the worst oil supply disruption in history are … Read more