Amid escalating fuel prices due to the Middle East crisis, there has been a noticeable shift in China towards electric vehicles (EVs) as consumers seek to evade the impact of soaring petrol costs. With Brent crude surpassing US$100 a barrel and currently exceeding US$110, Chinese buyers are increasingly opting for battery-powered cars over traditional petrol vehicles, as indicated by dealers and analysts. Twenty-five-year-old Wang Wenbo, a first-time car buyer, highlighted the stark choice many face, ‘It’s a no-brainer for me now. I would opt for an electric vehicle to save money; fuel costs would simply be too high at these…
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