{"id":73688,"date":"2026-04-20T00:37:09","date_gmt":"2026-04-20T00:37:09","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/73688\/"},"modified":"2026-04-20T00:37:09","modified_gmt":"2026-04-20T00:37:09","slug":"asias-ev-revolution-shifts-into-overdrive-with-iran-war-oil-shock","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/73688\/","title":{"rendered":"Asia\u2019s EV revolution shifts into overdrive with Iran war oil shock"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Across Asia, a revolution in how people move was already gathering speed. War in Iran just hit the accelerator.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Prashant Tiwari was among the first people at his company to go electric when he swapped his petrol car for a Hyundai Kona five years ago. Now, his colleagues at Fusemachines Nepal \u2013 an AI firm in Kathmandu \u2013 are calling him a prophet.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThey say you don\u2019t have any problem,\u201d the 36-year-old product manager said. \u201cI think it is foolish to buy a petrol-run car now, and everyone generally agrees with me.\u201d<\/p>\n<p><a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/nepal?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Nepal<\/a> ranked second globally \u2013 behind only Norway \u2013 for electric vehicle sales share last year, with electric cars now accounting for more than 70 per cent of new vehicle sales, up from mere single-digit percentages when Tiwari bought his.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The combination of abundant hydropower and punishing taxes on fossil-fuel imports has made petrol cars a luxury that few Nepalis now see the point in buying.<\/p>\n<p><img decoding=\"async\" alt=\"A man drives a Tata EV along a street in Kathmandu. Electric cars now account for more than 70 per cent of new vehicle sales in Nepal. Photo: AFP\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/iran\/wp-content\/uploads\/2026\/04\/fcdacc39-3ee5-42b9-abae-2cad8eb1a9a0_c5291217.jpg\" title=\"A man drives a Tata EV along a street in Kathmandu. Electric cars now account for more than 70 per cent of new vehicle sales in Nepal. Photo: AFP\"\/>A man drives a Tata EV along a street in Kathmandu. Electric cars now account for more than 70 per cent of new vehicle sales in Nepal. Photo: AFP<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">With global benchmark Brent crude hovering at around US$100 per barrel \u2013 around 50 per cent higher than its pre-conflict level \u2013 amid the war on Iran and disruption of supplies through the Strait of Hormuz, the pain at the pump is acute for oil-importing nations across Asia.<\/p>\n","protected":false},"excerpt":{"rendered":"Across Asia, a revolution in how people move was already gathering speed. War in Iran just hit the&hellip;\n","protected":false},"author":2,"featured_media":73689,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[488,27037,1872,27041,27039,54,27038,15155,27040,138,2073,34,27036,21182,971],"class_list":{"0":"post-73688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-iran","8":"tag-asia","9":"tag-autograb","10":"tag-brent-crude","11":"tag-deloitte-asia-pacific","12":"tag-ember","13":"tag-europe","14":"tag-fusemachines-nepal","15":"tag-global-south","16":"tag-hyundai-kona","17":"tag-india","18":"tag-indonesia","19":"tag-iran","20":"tag-kathmandu","21":"tag-nepal","22":"tag-norway"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116434242327263068","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/73688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=73688"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/73688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/73689"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=73688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=73688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=73688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}