Iran War Drives Electric Vehicle Sales, Metals Demand Rises

A global energy crisis is accelerating the shift to electric vehicles (EVs), driven by high petrol and diesel prices caused by the war in Iran.

Economic factors, government subsidies, and environmental considerations are increasingly influencing EV sales, particularly in countries reliant on oil from the Gulf states.

Metals such as lithium, nickel, and copper will face increased demand as a result of this shift, which could lead to new investment in production capacity.