""The energy crunch is doing much more to accelerate the EV transition than any message on climate change," said Lawrence Loh, who heads the Center for Governance and Sustainability at the National University of Singapore (NUS). "Ultimately, it's about what hits your pocket-and the Iran war hits your pocket right away.""
""EVs are increasingly framed not just as a climate solution, but as a way to reduce dependence on imported energy," says Samuel Chng, a research assistant professor at the Singapore University of Technology and Design (SUTD)."
Motorists in Southeast Asia are facing rising fuel prices amid the Iran energy crisis, leading to long lines at petrol stations. Despite a slight decrease in oil prices, they remain significantly higher than pre-war levels due to supply disruptions. Electric vehicles (EVs) are gaining popularity as a solution to energy security concerns, with Chinese automaker BYD leading orders at the Bangkok Auto Show. EVs offer higher energy efficiency compared to gasoline engines, making them a cost-effective choice during energy shortages.
Read at Fortune
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