Oil prices climb on Iran strikes: comment

“Just as the price of oil appeared to be falling back down from historic highs, its bouncing back up as a result of global events over which the UK has no control.  Around one in three new cars sold in June was an EV as more and more British drivers turn to electric cars seeking to avoid the volatility of pump prices and take control of their driving bills. [2]

"Yet at this very moment the Government is rumoured to be considering weakening EV targets, encouraging manufacturers to try to sell more hybrids that use much more fuel than they claim in the real world. It’s another potential ‘dieselgate’ in the making which the Government would have instigated.

"The ZEV mandate has driven competition between manufacturers to drive down sticker prices, boosted new sales, which means in turn more second-hand EVs come on to the market helping regular families save hundreds if not thousands on their driving costs during a cost of living crisis."