Electric Vehicles : An unstoppable transition or just an oil price reaction?

Описание: The conflict in Iran and the blockage of the Strait of Hormuz has unsurprisingly caused a global oil price crisis and a spike in interest in electric vehicles. But is the higher cost of diesel and gasoline really the only factor in the electric transition? A new report says no - it's much more complex and nuanced than that. And the transition was probably already primed and ready to accelerate anyway.

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Reference Links
Main research paper - The economics of the electric vehicle transition: demand, supply
chains, and innovation - Viet-Nguyen, Eliott and Harper
https://cep.lse.ac.uk/pubs/download/d...

Recent Michael Barnard article
https://cleantechnica.com/2026/01/22/...

Business Standard analysis
https://www.business-standard.com/wor...

Recent article from The Driven website
https://thedriven.io/2026/02/10/how-b...

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