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Wars May Spur Faster Electrification

The wars in Ukraine and the Middle East have prompted an increase in EV sales to avoid retail fuel inflation and gas demand destruction in favor of other power generation sources.

  • Ongoing conflicts in Ukraine and Middle East boost EV sales
  • COP31 may prioritize accelerating electrification of industries
  • Transition investment of $2.3 trillion in past decade for transport electrification

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