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Hormuz Risk Could Fast Track EV Adoption

Rising tensions around the Strait of Hormuz and surging oil prices are pushing countries to rethink their energy future, fast-tracking the global shift to electric vehicles. With Brent crude crossing $100, governments and consumers alike are accelerating the move away from fuel dependency. Affordable EVs, especially from Chinese manufacturers, are gaining ground worldwide, while the number of countries adopting EVs has expanded rapidly.

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