Photo Credit:Fair Use [17 U.S.C. § 107]. Potential buyers inspect EV in Dubai showroom.

Viewpoint: An EV Revolution Is Happening In The Heart Of OPEC

21 Jun 2025 | Abstracted from Strait Times

Fully electric vehicles comprised 10 per cent of the value of cars imported into the United Arab Emirates (UAE) in 2024, according to trade data. Throw in hybrids and plug-in hybrids, and more than a quarter of the market is switching to batteries

"If nations that owe their very existence to the transformative power of crude are switching to lithium-ion, then the prospects for their key export are looking distinctly shaky."

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