Iran war oil shock accelerates Southeast Asia’s EV revolution

Southeast Asia was already going electric. Then war broke out in the Middle East and it started going faster

A man in a Mercedes drives up to a Bangkok forecourt, cash in hand, ready to buy an electric vehicle he hadn’t planned on owning.

Southeast Asia’s EV revolution has found a new accelerant.

Cash buyers had been streaming in all week, spooked by rising diesel prices and hunting for second-hand battery-powered cars. “One customer drove up in a Mercedes,” he said. “Ready to buy an EV on the spot.”

US President Donald Trump seeks to justify striking Iran amid shifting White House account

Such far-reaching calamities can act as a catalyst, but the longer-term transition was already well under way.

Source: News - South China Morning Post