Battery-electric registrations jumped 51% in March as oil climbed above $100 a barrel. Chinese brands BYD, Leapmotor, and Xpeng are capturing the biggest gains.

“As tragic as it is—war is tragic for anyone involved—it is probably one of the best things that could have happened to the Chinese EV makers,” said one Chinese EV expert.

Americans still buy a lot of big pick-up trucks. On top of that, the Trump administration ended subsidies for electric vehicles and stopped enforcing fuel efficiency rules.