Car owners turn to EVs as 30-40% of Gulf energy capacity is destroyed

France’s Finance Minister confirmed that between 30% and 40% of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels per day on global oil markets. The destruction is now pushing consumers toward electric vehicles at a pace not seen since the 2022 gas crisis. With gas prices approaching $4 per gallon nationally and already past $5 in California, data from multiple sources shows EV interest surging across the board — from Google searches to dealership inquiries. more…