The winners are likely to be countries capable of building integrated ecosystems spanning renewable generation, batteries, charging networks and EV manufacturing.
Across Asia, governments are now accelerating approvals for renewable projects and grid modernisation schemes. Battery storage investments are making headlines almost daily.
The tentative peace agreement between the United States and Iran has been greeted with a mixture of relief and caution across much of East and Southeast Asia, a region that has borne more than its fair share of the economic fallout of late.
As of mid-2026, China remains the centre of gravity in the EV world.
Taiwan has struggled to secure LNG supplies through May and finalised contracts covering roughly half of June demand, but additional procurement costs are expected to reach into the billions of US dollars to complete.