Iran War Fuel Shock Drives European EV Demand Surge, Industry Warns of Reversal
⚡ EUROPE — War-driven petrol prices doing what subsidies never could — but only while they last. 📌 LOOK CLOSER: European EV demand spiking on fuel pain, not policy, is structurally fragile. The MOU signals Hormuz reopening — if Brent normalizes, the price signal reverses. Automakers now face a demand curve built on crisis, not conviction. BMW already sliding on energy uncertainty; EV divisions can't plan capacity on a war premium that Geneva just started unwinding.
