The Middle East crisis is expected to prompt drivers to abandon traditional internal combustion engine vehicles (EV) in favor of electric vehicles, according to analysts. The Iran war has disrupted oil exports through the Strait of Hormuz, which carries about a fifth of the world's oil and liquified natural gas. The rise in oil prices has made conventional gasoline cars much more expensive, and EV leasing inquiries have risen 36% since the conflict began. However, U.S. automakers Ford Motor, General Motors, and Jeep owner Stellantis have all reversed course on EV strategies, booking tens of billions in combined write-offs and restructuring costs due to low consumer demand and shifting political landscapes. Despite this, consumers may be more likely to consider all-electric vehicles due to higher gas prices, but this change can be slow. The average price for a new EV in the U.K. was $55,300 during the first quarter, lower than in recent quarters but still higher than non-EV models at $48,768.