Trump war drives global shift from fossil fuels
Donald Trump's conflict with Iran has accelerated worldwide electrification efforts and marked a tipping point in the move away from fossil fuels.
Solar growth continues under pressure
Renewable energy generation rose twenty per cent in the United States even before the war began. Coal usage has fallen while a record eighty-six gigawatt hours of renewable projects are now planned. Experts say this momentum may be harder to derail after voters removed Republican control from Congress.
Electric vehicle sales surge globally
The cost of installed solar and batteries has dropped ninety per cent since 2010. Since the US and Israel started bombing Iran in February, fuel prices and EV sales have risen sharply around the world. In Australia, electric vehicles now account for nearly a quarter of all new car sales.
Emerging markets lead the boom
Asia is experiencing a massive increase in electric vehicle sales across South-East Asia. Vietnam and Singapore are picking up their rates while Indonesia expands its market share significantly. Laos suspended imports of internal combustion engine vehicles in May following Ethiopia's 2024 decision to ban such imports.
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