Surprise: The global oil crisis is pushing people toward buying electrified cars
- Fuel-price shocks have lifted global electrified vehicle demand.
- EV and PHEV sales rose 35% quarter-on-quarter.
- China remains dominant in EV exports and battery supply chains.
Electrified vehicle sales reached new quarterly highs in 50 countries during the second quarter of 2026, as higher fuel prices linked to the US-Iran conflict encouraged consumers to reduce reliance on petrol and diesel. The trend matters because it has boosted EV and plug-in hybrid demand despite an…