#ev adoption

As Middle East tensions drive global oil prices higher, China's BYD is reporting a surge of new buyers who previously dismissed electric vehicles — a real-time test of whether high fuel costs can accelerate EV adoption faster than any incentive program.

Used EV sales jumped 35% in 2025, with 56% of inventory now priced under $30,000. Consumer satisfaction with electric vehicles hit record levels, even as the market diversifies beyond Tesla's once-dominant position.