Global EV sales surge during Iran war

Global EV sales are expected to reach 23 million in 2025, an 11% increase from the previous year, driven by the Iran war's impact on demand for cheaper electric mileage. Falling lithium-ion prices and rising gas costs have accelerated the shift to EVs, though China's domestic sales declined while exports rose by 73%. In the US and UK, EVs offer significant fuel cost savings over gas vehicles.