Trump’s war has been a gift to an industry he detests
Donald Trump's military actions in the Gulf, intended to bolster fossil fuel interests, are ironically accelerating the global shift toward electric vehicles (EVs). Soaring fuel prices due to disrupted oil supplies have increased consumer interest in low-emission alternatives despite Trump's pro-oil agenda. The crisis may eventually lead to an oil glut, but in the short term, it is acting as a catalyst for EV adoption worldwide.
- ▪Trump's Gulf war is accelerating the shift from internal combustion engine cars to electric vehicles.
- ▪Rising fuel costs have spurred global interest in electric and plug-in hybrid vehicles.
- ▪The Gulf Emirates have left OPEC and may flood the market with discounted oil once the Strait of Hormuz reopens.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.