00:00Rising fuel costs from the Iran conflict are pushing consumers and businesses to rethink their reliance on petrol and diesel
00:07vehicles.
00:08The shift is most visible in the Asia-Pacific, where motorists are turning to electric vehicles at a faster pace
00:16as the region bears the brunt of the oil shock.
00:21Australia saw a 100% uptick in EV loans in March, according to a report from the National Australia Bank.
00:28Enquiries for EV financing also surged by 88% as more consumers visited showrooms.
00:35In neighbouring New Zealand, the Transport Ministry said more than 1,000 EVs were registered in the week ending March
00:4122.
00:42That figure was close to double the week before and the highest since late 2023.
00:48South Korea is also seeing momentum built, with EV registrations doubling in March compared to a year ago.
00:54Analysts say surging energy prices could become a key tailwind for EV adoption in nations such as Australia and Japan,
01:02where sales have previously been held back by a limited charging infrastructure and a strong preference for gasoline cars.
01:09Earlier this week, Tesla CEO Elon Musk said the company planned a major investment in Japan,
01:15including expanding service networks and supercharger infrastructure.
01:19Elon Musk said the company gives you a key ideas which could contribute to for these exciting Pluto engines.
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