EV Interest Indicators

Week of —
Brent —
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V. Latin America Brazil, Mexico, Colombia — policy-cushioned. Click to expand.
Market Fuel Google SearchNew EV Google SearchUsed EV Marketplacespeak Δ Dealerspeak Δ Surveystated intent Used EVpeak Δ BEV salesMar YoY
II.

Pump-price shock by exposure category

Bar = average % change over crisis weeks. Tick = peak week. All values vs Feb 28 baseline.

Regrouped by EV-interest tier
Direct Hit
No price cap High Hormuz exposure Refined-product importer Currency-amplified
No active price cap and meaningful Hormuz/import exposure. Consumers see full Brent pass-through at the pump, often amplified by currency weakness and refined-product import dependence (most fuel arrives as refined product, not crude). The shock arrives unfiltered.
EV interest readIn mature EV markets (AU, NZ) this drives the strongest organic consumer-led surge in the dataset; in frontier markets (KH, PH) the response shows up as accelerated government policy rather than retail demand.
Indirect Hit
No price cap Low Hormuz exposure Tax-base buffer (varies) Mature EV markets
Low Hormuz exposure and domestic refining or diversified crude supply — pump prices move with Brent, but without the physical supply risk or refined-product import premium that hits Direct Hit markets. No price caps — the only buffer is the pre-existing fuel tax base. High-tax EU sees moderate pump moves (+8 to +25%); low-tax North America sees near-1:1 Brent pass-through (+34 to +39%) — being a producer doesn't shield retail consumers when the tax base is thin.
EV interest readCleanest behavioral signal in the dataset — pure consumer reaction to pump pain in mature EV markets. This is where the EV-as-hedge thesis gets its purest evidence. UK, Germany, Sweden carrying the response.
Policy Absorbed
Active intervention Heavy Hormuz exposure Fiscal cost mounting Latent fragility
Heavy structural Hormuz exposure, but active intervention is absorbing the shock. Mechanisms vary: fuel subsidies (JP, MY), state-set pricing (CN), excise cuts (IN), fuel tax cuts (KR), or stabilization funds (TH, VN). Governments are spending political and fiscal capital to keep pumps quiet — and they only do that when they're structurally exposed.
EV interest readMostly policy-led, not market-led. If any cushion runs out (TH's Oil Fund already partially depleted), the country snaps into Direct Hit. Watch for early leakage — JP still shows +10% EV listing views despite full subsidy absorption.
III.

Pump-price trajectory & search response

Average vs peak pump-price shock — same data, two colourings
Coloured by pump-price exposure Each country once. X = avg over crisis weeks, Y = worst single week. Gap = how much intervention pulled prices back.
Coloured by EV-interest tier Same axes, dots coloured by observed EV-interest tier.
Direct Hit Policy Absorbed Indirect Hit High Moderate Low No signal
EV search vs pump-price — same data, two colourings
Coloured by pump-price exposure Y = weekly Google Trends delta on each country's top-growth local EV term.
Coloured by EV-interest tier Same axes. Spots markets where interest runs ahead of, or lags, the pump-price shock.
IV.

Monthly BEV sales

Countries with crisis-flagged March 2026 YoY. 2024 in stone, 2025 in ink, 2026 in crisis red.

2024 2025 2026
V.

Policy timeline

Government responses to the oil crisis — subsidies launched, tariffs cut, stimulus packages unveiled. Scroll the rail; click a card for the source.

Heat scale · weekly peak Δ (%) ≥25 ≥50 ≥100 ≥200 — no signal logged