Renault 5 E-Tech. Photo by Jesper Berggreen.
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As a result of the US and Israel war against Iran, Iran blocked the Strait of Hormuz and much of the world’s oil couldn’t get to market. Countries have been relying on oil reserves for weeks, and there have been strong warnings that if the Strait of Hormuz blockage isn’t resolved soon, we’ll have a real oil/gas crisis.
Gas prices rose a great deal since the war began, but they could spike much, much further. Even just from the increases we’ve seen, though, many people have been inspired to give up gas and go electric. Confirming that for us, the CEO of Renault recently said that EV demand in France and Germany grew by 50% for the company since the US first bombed Iran.
“We’re currently exceeding the capacity (of our suppliers) because of the war in Iran,” Renault CEO Francois Provost told Reuters recently.
