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Middle East war drives Southeast Asia toward electric vehicles to escape fuel shock

Economy
Published on 24 April 2026
Middle East war drives Southeast Asia toward electric vehicles to escape fuel shock

Dealers report buyers switching fast as petrol costs spike

Electric vehicle demand is surging across Southeast Asia as shoppers rush to dealerships to sidestep runaway fuel prices. Since the Middle East war began, crude has climbed by roughly 50%, briefly pushing above $100 per barrel, tightening budgets at the pump. EVs are emerging as the cheaper, shielded alternative for cost-conscious buyers.

  • EV sales are jumping in Southeast Asia amid fuel price spikes
  • Crude oil has risen about 50% since the Middle East war began
  • Oil passed $100 per barrel again, worsening costs for drivers
  • Consumers are using EVs to avoid repeated pump shocks
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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