Oil Shock Accelerates EV Adoption as Geopolitical Tensions Reshape Global Energy Markets

Middle East conflict and Strait of Hormuz disruptions are supercharging the energy transition, with Wood Mackenzie forecasting global EV adoption could surge 50% above base case by 2040 if oil volatility, policy support, and battery innovation converge simultaneously.

The "Electric Shock" scenario models what happens when governments boost EV supply chain investment for resilience, high fuel prices push consumers toward electric vehicles, and technology like five-minute...