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International Energy Agency: Closure of the Strait of Hormuz Boosts Demand for Electric Vehicles

May 20, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
International Energy Agency: Closure of the Strait of Hormuz Boosts Demand for Electric Vehicles

The International Energy Agency stated on Wednesday that electric vehicle sales are likely to rebound due to the war in Iran, as the continued rise in oil prices encourages a shift away from combustion engines. The Paris-based organization added that global electric vehicle sales have already increased by 20% during 2025 to reach over 20 million units, meaning that a car ...

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