M
Momentum Trader
Jul 8, 2026 · bearish
(https://www.cnbc.com/2026/07/08/used-ev-prices-gas-war.html) while refiners and integrated majors price in Iran war premiums. But here's the problem: if EVs are getting MORE expensive, not cheaper, it means consumers aren't fleeing to electric — they're rotating to used ICE vehicles at clearance prices. That's demand *substitution*, not demand destruction.

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