{"id":592184,"date":"2026-04-27T22:00:00","date_gmt":"2026-04-27T22:00:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=592184"},"modified":"2026-04-27T22:00:00","modified_gmt":"2026-04-27T22:00:00","slug":"resurgence-of-electrification-goldman-says-ev-demand-gaining-momentum-amid-fuel-price-shock-2","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=592184","title":{"rendered":"“Resurgence Of Electrification”: Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock"},"content":{"rendered":"

“Resurgence Of Electrification”: Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock<\/span><\/p>\n

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There were early signs during the third week of the U.S.-Iran conflict that EV demand was gaining traction in Asia<\/a>, where the energy shock has been felt the hardest. That was followed by a separate note earlier this month confirming that EV demand was beginning to reaccelerate<\/a>.<\/p>\n

Now, Goldman analysts led by Kota Yuzawa see global EV demand gaining momentum after several years of muted demand, as the fuel-price shock at the pump pushes consumers back toward EVs.<\/p>\n

Yuzawa noted that the share of the top 30 countries where the EV sales mix rose month over month climbed from 30% in January to 60% in February and 80% in March. This acceleration suggests the energy shock is helping pull the EV industry out of a multi-year rut.\u00a0<\/p>\n

The reacceleration of global EV demand has likely gained further traction in April amid elevated prices. Goldman’s commodity team, led by Daan Struyven, wrote in a separate note that his WTI fourth-quarter forecast was revised from the previous $75 to $83.<\/p>\n

This suggests the energy crisis is becoming more prolonged, and elevated fuel prices at the pump mean that EV demand will likely continue to rise – at least until Brent and WTI crater, depending on a Hormuz chokepoint reopening and a US-Iran peace deal being signed.<\/p>\n

Yuzawa highlighted the global EV market in March:<\/p>\n