00:00Welcome back. Rising fuel prices linked to the Middle East war helped drive a sharp increase in electric vehicle sales
00:07in the second quarter.
00:08The International Energy Agency says global EV sales rose 35% compared with the first quarter.
00:17Sales hit record levels in 50 countries as consumers look for alternatives amid concerns over fuel costs and energy security.
00:25The agency expects electric vehicles to account for 29% of global car sales this year, with sales forecast to
00:33rise 10%.
00:34The shift comes as oil prices climb from around $60 a barrel in January to nearly $120 following disruptions linked
00:44to the Middle East conflict and tensions around the Strait of Hormuz.
00:47Road transport remains highly exposed to oil price swings, with vehicles accounting for around half of global oil consumption.
00:55Several oil-dependent Southeast Asian countries have also introduced temporary tax breaks for EVs following fuel pressures, encouraging more drivers
01:04to switch to electric vehicle.
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