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Asia's EV Revolution Gains Speed as Iran War Drives Oil Prices Higher
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Business·20.04.2026Resumen IA

Asia's EV Revolution Gains Speed as Iran War Drives Oil Prices Higher

Electric vehicle adoption is accelerating across Asia as the war in Iran and disrupted supplies through the Strait of Hormuz push Brent crude to around US$100 per barrel – 50% higher than pre-conflict levels. In Nepal, abundant hydropower combined with punishing taxes on fossil-fuel imports have made petrol cars economically unviable, with early EV adopters like Prashant Tiwari now seen as prophetic by colleagues.

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