BYD's bet on EVs is paying off as drivers ditch gas amid rising oil prices

BYD is experiencing surging EV demand as rising oil and gas prices, driven by Middle East tensions, push consumers to switch from gas-powered vehicles. Southeast Asian markets like the Philippines and Thailand are seeing dramatic increases in EV orders, while global EV adoption already displaces 1.7 million barrels of oil per day. The trend extends beyond Asia, with US and European markets also showing significant upticks in EV consideration.