2154 GMT - Web searches for electric vehicles surged in Australia last month as the Iran conflict sent fuel prices higher. That's great for IPD Group as EV web searches signal intent, not just interest, says Shaw & Partners. Searches typically move ahead of capex decisions because buyers, fleet managers and property owners research charging feasibility, electrical upgrades, and total cost of ownership. "This matters because IPD Group sells into the build phase, not the consumer purchase itself," analyst Philip Pepe says. "Every EV requires electrical infrastructure, IPD Group's core domain." Shaw retains a buy call and A$5.35/share price target on IPD Group, which ended Wednesday at A$4.56. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 01, 2026 17:54 ET (21:54 GMT)
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