"Rosco Jewell, a businessman in Sydney, noted that it has become increasingly difficult to find used electric vehicles priced between $20,000 and $50,000, with prices rising by 10 to 20 percent in some cases."
"Euan Graham from Ember highlighted that the ongoing war on Iran has intensified a trend of electric vehicle adoption in emerging markets, driven by previous energy crises like the war in Ukraine."
"Chinese manufacturers reported an impressive 82.6 percent increase in month-on-month electric vehicle sales in March, indicating a strong recovery in the market following previous downturns."
"US electric vehicle sales reached over 82,000 units last month, showing a more than 20 percent increase from February, despite a year-over-year decline of one quarter."
Electric vehicle sales are rapidly increasing as conflicts raise petrol and diesel prices globally. In Sydney, used EV sales have doubled, with prices rising by 10 to 20 percent. The US and China have both experienced significant EV sales growth, with China reporting an 82.6 percent month-on-month increase. Vietnam's Vinfast saw a 127 percent rise in year-on-year sales. Analysts suggest that ongoing geopolitical tensions are accelerating EV adoption in emerging markets, as countries seek alternatives to fossil fuels following recent energy shocks.
Read at www.aljazeera.com
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