Here's How Much Trump's Iran War Is Boosting EV Sales Around the World
Ember said oil-importing countries saved $20 billion as 200 million barrels of crude were displaced by electric cars during the crisis.
- Between March and August, electric vehicle fleets displaced an estimated $20 billion worth of crude oil globally, according to energy think tank Ember. Yet the United States is falling behind as other nations accelerate their EV transition.
- Trump repealed much of the Inflation Reduction Act in his "One Big Beautiful Bill," canceling $11 billion in clean energy contracts and projects. His Energy Department also reduced efficiency standards, potentially increasing long-term gasoline spending for Americans.
- Fifteen countries, including India and Brazil, have overtaken the United States this year in the share of new vehicles sold that are fully electric. Of 56 countries tracked by Ember, 49 now maintain higher BEV sales shares than the United States.
- China has become the world leader in auto exports, surpassing Japan, while American car companies risk becoming a boutique industry within 10 years if they fail to adapt. This shift exposes competitive vulnerabilities in the U.S. automotive sector.
- Nations are embracing green energy for economic resilience and national security, as dependence on imported oil carries immense risks. Only the United States continues to ignore this global reality, positioning itself disadvantageously in an accelerating transition.
14 Articles
14 Articles
In the six months following the outbreak of the war of the United States and Israel against Iran with the consequent energy crisis of Hormuz, between March and August 2026, the fleets of electric cars (BEV and plug-in hybrids) in the importing countries of oil have reduced the consumption of crude oil by about 200 million barrels, allowing [...] L'articolo Electric cars have saved 20 billion since the beginning of the war in Iran to the importin…
Here's how much Trump's Iran war is boosting EV sales around the world
The Trump administration has done everything it can to slow the growth of EVs. But in an ironic twist, Trump’s war in Iran is boosting the EV industry globally. After the U.S. attacked Iran in late February and the price of crude oil soared, global EV sales also surged. A new report from Ember, an energy think tank that is tracking EV sales in 56 countries, found that 49 of them have hit new records for EVs this year. [Image: Ember] Between Marc…
China, with 14 billion, and the EU, with 3,100, are the ones that accumulate the most savings. The US is stepping on the brakes with Trump against the global trend
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