IN BRIEFFuel prices in Australia have surged amid Iran's effective blockade of the Strait of Hormuz.Electric vehicles (EVs) are viewed as a practical solution for Australia to lessen its dependence on imported oil.As Australia faces a global fuel shortage, experts say it is a "wake-up call" for the nation to rethink how it uses fuel.About 90 per cent of Australia's liquid fuel is imported, according to the Department of Energy.According to the Institute for Energy Economics and Financial Analysis (IEAAFA), Australia has the largest trade deficit in refined oil products in the world, naming the country "one of the most...