Oil market chaos will supercharge the electric car shift
Long-term prospects for combustion engines were fading even before the outbreak of war
Long-term prospects for combustion engines were fading even before the outbreak of war

As fuel prices rise and the outlook becomes more uncertain, the economics of car choices and manufacturing become harder to ignore

Investors are picking winners and losers based on economies’ exposure to inflationary surge

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

Contraction in US and cooling Chinese demand are expected hurdles for market

Measures undertaken by vulnerable economies may be only the start of things to come

Repeated cost shocks make a transition to cleaner energy critical