India's Oil Prices Fuel a Shift to Electric Cars

India buys nearly all its oil from abroad, so when Middle East conflict sent prices up 50%, it forced a reckoning. Electric vehicles grew 25% in fiscal 2026, now powering one in twenty passenger cars. Three-wheelers and two-wheelers—common in India—are switching faster: electric versions already claim 30% and 15% market share. Necessity, not ideology, is driving the shift.