At a BYD car dealership in Manila’s financial district, demand for the Chinese company’s electric vehicles is so high that Matthew Dominique Poh said he’s seen a month’s worth of orders in just the past two weeks.
«Clients are replacing units in favor of EVs because of the oil price hikes,” said Poh, who’s been a salesperson at the dealership for the past seven months.
About 1,100 miles (1,770 kilometers) away in Hanoi, Nguyen Hoang Tu Anh said his VinFast showrooms had to hire more sales staff after customer visits quadrupled, resulting in the sale of 250 EVs in the three weeks since the Iran war started. That works out to more than 80 a week, or double the average rate in 2025.
