This is probably more than about oil shock. It could be that the world is moving away from US brands in a show of contempt.
https://www.businesstimes.com.sg/international/global/byd-showrooms-are-bustling-across-asia-after-iran-oil-shock
South-east Asian countries have EV adoption rates of around 40%, exceeding levels in the UK and Europe Read more at The Business Times.
sasanb