As the ongoing Iran conflict escalates, a surprising beneficiary has emerged: the electric vehicle (EV) market. Despite Western sanctions and oil price volatility, the global shift towards electric cars has proved resilient, with EV sales continuing to surge. Meanwhile, US oil companies are also reaping the benefits, as they capitalize on the increased demand for fossil fuels driven by the conflict. But what does this mean for the future of energy production and consumption, and how will the EV industry adapt to the changing landscape?
EVs are winners in the Iran war. So is US oil. Politico
