"Electric Vehicle Sales Surge as Global Tensions Fuel Fuel Price Hike. As the ongoing conflict in Iran continues to disrupt global oil supplies, consumers are being forced to reconsider their transportation options. According to Michael Lohscheller, the rising cost of gasoline and diesel is accelerating the shift towards electric vehicles (EVs), which are becoming increasingly attractive due to their lower operating costs. With EV prices continuing to drop and government incentives making them more affordable, it remains to be seen whether this trend will continue even after the Iran conflict is resolved."
A jump in gasoline and diesel prices from the Iran conflict is driving customers toward less expensive EV options, Michael Lohscheller says.
