Crude Spike Fuels EV Surge: Buyers Fear Fuel Price Hikes Amid Iran War

• Global energy price surge due to Iran war is shifting Indian car buyers towards Electric Vehicles (EVs).
• Automakers report a noticeable uptick in EV inquiries coinciding with a 22% crude oil price surge.
• India has maintained a price freeze on regular petrol and CNG, but sustainability is questioned if crude remains elevated.
• EV registrations in March are on track to surpass last year's numbers, indicating growing consumer interest.
• Despite higher upfront costs, EVs offer up to 80% lower running costs, making them attractive amidst volatile fuel markets.