Philippines Sees 130% EV and Hybrid Growth Amid 68% Fuel Price Surge from Iran Conflict
Energy instability, exacerbated by the conflict surrounding Iran, has driven a sharp shift in the Philippines' transport sector, where the country imports nearly all its fuel resources. According to GlobalPetrolPrices. com, cited by Reuters, gasoline prices in the Philippines surged by 68.3% following U. S. and Israeli strikes on Iran at the end of February. This spike placed the country among…
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