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Iran war oil shock accelerates Southeast Asia’s EV revolution

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.

“He was afraid he wouldn’t be able to fill up his car any more,” said Samart Prakotkancharna, managing director of Ratchapruek P Car Centre in Thailand’s capital, describing the scene that played out on his forecourt.

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.”

The US-Israel war on Iran, which began last Sunday with the assassination of Ayatollah Ali Khamenei, has disrupted the world’s supply of oil and gas – raising the spectre of soaring fuel prices.
Iran war oil shock accelerates Southeast Asia’s EV revolution插图

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

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.

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