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Black March 2026: Oil Shock that Triggered the EV Tipping Point

OANDA reports that March 2026, dubbed "Black March," triggered an oil shock from the U.S.-Iran war, driving a major global shift to electric vehicles.

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In a context of extreme geopolitical volatility, the transition to electric mobility has ceased to be a mere environmental issue to become a pillar of economic security. According to an analysis recently published by the energy think tank Ember, the world fleet of electric vehicles managed to avoid the consumption of 1.7 million barrels of oil per day during 2025. This figure is equivalent to more than 70 per cent of the exports that Iran usuall…

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Ambientum Portal Lider Medioambiente broke the news on Wednesday, May 6, 2026.
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