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High oil prices drive a surge in Chinese electric vehicle sales, but charging networks lag behind
- Higher fuel prices from the Iran war have pushed drivers toward Chinese-made EVs, triggering a surge in exports to Southeast Asia, Africa and Latin America.
- Governments and drivers in developing countries are embracing EVs to cut fuel bills and oil imports—some places (like Laos) are even banning new fuel-car imports.
- Public charging networks are lagging the influx, so state-owned utilities and governments are stepping in to build stations, but shortages and reliability remain a problem.
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